You are here: Home - Uncategorized -

Pensions to cost businesses more

0
Written by:
22/05/2006

Businesses anticipate a sudden rise in pensions costs, after the Treasury Select Committee weighed in behind Adair Turner’s proposal for a national savings scheme which will demand compulsory pension contributions from employers.

The news came to light as Work and Pensions Minister John Hutton promised the most radical rethink on UK pensions since the welfare state was created 60 years ago.

Hutton suggested the impending pensions White Paper will increase the retirement age from 65 and restore the link between pensions and earnings.

The Treasury committee also approved plans to ensure thousands more employees have to be provided with pension schemes, potentially causing financial difficulties for small and medium-sized businesses in particular.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
1m Britons could face bankruptcy

A million people in the UK could be teetering on the brink of bankruptcy, while eight million people have non-mortgage...

Close