Auto-Enrolment: Are SMEs Heading for a Pensions Crisis?

Posted by StephenGreenwood under Legal
From http://www.stephengreenwood.co.uk 3975 days ago
Made Hot by: thelastword on January 7, 2014 6:04 am

Could auto-enrolment pensions be about to cause a pensions crisis for small businesses? Here's a look at why lack of understanding and slow adoption could be a disaster for some business owners.

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Comments

Written by lyceum
3975 days ago

So, this auto-enrollment is forced upon the small business owner?

"Auto-enrolment is a policy that has been introduced by the government that now means that every employer must automatically enrol workers into a workplace pension scheme ..."

How about the free market taking care of this, instead of using force by the state?

And you could ask the question, will it be any pensions left in a regulated place in the future? Who's paying for what and whom?

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Written by StephenGreenwood
3975 days ago

'How about the free market taking care of this, instead of using force by the state?'

I agree with this sentiment, the state have forced this bottleneck of businesses that are now running out of time to apply by failing to educate properly (something I feel happens too often).

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Written by ellienicholson
3975 days ago

Auto-enrol, i think, is a good thing. The retired population are the ones with the most money nowadays.

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Written by joem
3975 days ago

Worrying, who is to blame for this oversight in terms of educating business owners? Surely more people should have been warned that this could be problematic.

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Written by smallbusinessmans
3975 days ago

No sympathy for owners who did not prepare for me personally.

If pensions are important to you as the owner, the pensions of your staff should be equally as important.

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