Extra costs for all

It is generally accepted that automatic enrolment into pensions is going to mean extra costs for employers. These costs fall into two different types. The first is the cost of pension contributions. Obviously, employers who do not currently offer pensions to their workforce will feel this keenly. Their payroll costs could increase by a potential 3%. Unlike employers who offer pensions voluntarily to reward staff or encourage retention, there will be no clear-cut payback for this additional cost. It will feel very much like a tax. Even many employers who currently offer pensions are li...