SMEs say auto-enrolment will damage growth

Automatic enrolment (AE)  is likely to prove challenging for the UK’s smallest businesses

 

            

 

Automatic enrolment (AE) is likely to prove challenging for the UK’s smallest businesses with some of the smallest companies claiming that they will be unable to offer staff pay rises as a result and some fearing they will go out of business, according to Enrolsme.
A poll of 200 employers and 50 charities in businesses employing 1-50 people with no pension in place found that over a third (37%) said pay rises or bonuses would be affected as result of the new requirements, and a quarter (26%) said they would not be able to take on more staff.

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