Auto enrolment: Bit of a surprise…

Well, here is a turn up for the books!

Those present at our last London seminar will recall that delegate voting indicated that, as a direct result of the dramatic economic woes facing the UK, some 63% of employers would support a delay on auto enrolment requirements.

Jelf Employee Benefits have recently issued a press release based on these findings, and have just started to receive some coverage of this point of view.

Now, whilst I am more than comfortable with our position on this, I really didn’t expect to find too many supporters. A well balanced article on this can be found through The Money Debate Link below:

https://www.themoneydebate.co.uk/?p=3967

So I was genuinely surprised this morning to receive a link to another website (which in turn links to The Daily Mail), suggesting that perhaps the Government’s insistence on maintaining the timetable may be starting to crack:

https://www.mindfulmoney.co.uk/8770/investing-strategy/auto-enrolment-pension-reform-delayed.-but-will-it-affect-you.html

If this rumour is to be believed (and it seems we will know either way next week from George Osborne’s Autumn statement), then maybe, just maybe, the powers that be are waking up to the fact that forcing such significant change and cost on both business and employees in such delicate times might be a little unwise.

Too early to comment for sure, but you can be certain that I will update you on this one next week!

Best regards

Steve

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