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.
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