• The post you are reporting:
   
  Philip #69 - you acted sensibly and appropriately. In respect of pensions there is auto-enrolment under way now in big firms and it will spread down to the smallest firms as they hit their staging dates up to 2017. All employees will be automatically enrolled into a pension scheme, though they do have the right to opt-out, but will then be re-enrolled automatically three years later and on it goes. This adds a lot of costs to businesses at a bad time and a whole raft of penalties and red tape to conform to, it will be enforced with checks on record keeping and employers who fail to do the right thing at the right time or even just do not have the documentation to prove they did it, face heavy fines.
  
  This policy in my view is wrong headed and I am disappointed that the coalition did not drop it when it came to power.
  
  It does try to rectify a serious problem that must be addressed but it is the wrong way to go about it.
  
  I should say that when I said all employees, there are qualifying ages and income thresholds. This adds to the complexity for employers in categorising employees the right way.

Report Post

Your Name

Reason