Protect workers without overloading businesses. In the UK, around 14 million people simply receive the meager public pension and 7 million don’t save enough for their old days. On the other hand, hundreds of SMEs are overwhelmed by bureaucracy and are afraid of extra paperwork. Secretary of State for Work and Pensions, Yvette Cooper, had to take these contradictions into account. She recently detailed what the government wants to do to force employers to contribute to employees’ pension and pressure employees so they take advantage of it.
ion and 7 million don’t save enough for their old days. On the other hand, hundreds of SMEs are overwhelmed by bureaucracy and are afraid of extra paperwork. Secretary of State for Work and Pensions, Yvette Cooper, had to take these contradictions into account. She recently detailed what the government wants to do to force employers to contribute to employees’ pension and pressure employees so they take advantage of it.
Details. Starting in October 2012, employers will have to enroll their emplo
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