MSE News: Pensions enrolment delay for small businesses

Former_MSE_Helen

This is the discussion thread for the following MSE News Story:

"Automatic pensions enrolment for small businesses is to be delayed until the start of the next Parliament..."

Read the full story:
Pensions enrolment delay for small businesses

tagq2

There is already a government-mandated workplace pensions scheme and it is called National Insurance.

Everyone is free to supplement this with private pension if they wish.

Making it compulsory is just an excuse to erode the Basic State Pension in favour of the special interests of a few large pension providers (which will continue to provide the great returns they haven't provided over the past couple of decades).

It's just like Unum lobbying to substitute private "income protection" for Incapacity Benefit (and its Orwellian renaming "ESA"). The last to fall will be the NHS.

Taxes/NI, however, will stay mysteriously constant.

Gatser

This move to more serious pensions provision is a joke.
Too many small companies are just not interested in helping their employees provide for a pension and the pathetic contribution rates are going to be a waste of time and effort.

I have seen too many employees that contribute small amounts into pensions with unrealistic expectations.... so then they rubbish pensions as a waste of space. They would not go shopping with £1, yet they expect to put £1 into a pension and get £500 out as a pension.

I do not see the image of pensions changing for the better for the foreseeable future, based on government initiatives (lack of...)