Great-Britain : CBI is against compulsory employer’s contribution to staff pension schemes

The CBI rejected the Turner commission’s recommandation, made last November 30, to compel employers to contribute to staff pension schemes. The employers' organisation argues that auto-enrolment without compulsion is the best way to increase pensions savings. The CBI argues that forcing companies into compulsory pensions contributions “would put hard-pressed firms, especially smaller ones, under great economic pressure and significantly raise labour costs while failing to boost savings levels overall”. (Réf. 06166)