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)
It recommends instead a Pension Builder plan to boost employee pension contributions : ” there must be an equal right to opt out for both business and employee so individual economic realities can be taken into account. Our proposals are therefore designed to cajole employers, not compel them, into voluntarily contributing to an employee pension saving scheme.”
John Cridland, Deputy Director-General of the CBI, also said: “the CBI wants as many individuals and companies as possible in pension sc
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