4R Blog

RSS Feed

Company debt advice numbers 'could increase due to auto-enrolment'

Date Added: 02/11/2010  

Changes to the way pensions are paid could cause problems for smaller firms, especially those which are already taking company debt advice.

The Forum of Private Business has criticised plans to introduce auto-enrolment, claiming that it will, in conjunction with the removal of the Default Retirement Age, be a double blow.

Forum spokesman Phil McCabe said: "The government has stated repeatedly that it wants the private sector to pull the UK out of the economic doldrums by driving job creation."

But he argued that the decision could force company debt advice customers to use more temporary staff to avoid the auto-enrolment scheme.

The proposals were also slammed by the Federation of Small Businesses, which stated that micro firms should have been exempt from the programme.

Mike Cherry, policy chairman at the organisation, explained that many businesses, including those taking company debt advice, do not feel confident enough to choose a pension scheme for their employees.

Posted by Michael Beam 

Get the Help You Deserve

0800 90 20 123

Urgent Help Call 24/7

020 7183 2606

We'll Call You

Request a Callback