<< Go Back
Latest News Article

Latest News Article

Government Pensions...

Government pensions announcement is big win for the recruitment industry...

The coalition Government has today announced that it would be reviewing the implementation of automatic enrolment into workplace pensions.

This is a significant development for the industry and comes after months of REC lobbying to highlight the practical and cost issues that auto-enrolment raises for providers of temporary and contract staff.

Announcing the review earlier today, the Minister of State for Pensions, Steve Webb said:“The Coalition Agreement confirms our intention to introduce automatic enrolment, which evidence shows is an effective means of increasing pension saving.However, circumstances have changed since the Pensions Commission published its recommendations in 2005.It is right that we consider whether the approach inherited from the previous Administration strikes the right balance between cost and benefits to individuals, employers and for the tax-payer.”

Commenting on this latest development and on the next steps for influencing the debate, Anne Fairweather, the REC’s Head of Public Policy, says:“This is a big win and provides us with a great opportunity to argue our case for a more flexible implementation of auto-enrolment measures.

The scheme would be of limited value to those completing a series of short-term assignments but would risk creating a huge amount of bureaucracy for agencies. We are calling for a common-sense approach and for the specific nature of agency work to be recognised and factored in.”

The review will be conducted by an independent team, led by Paul Johnson, Frontier Economics;David Yeandle OBE, Engineering Employers Federation and Adrian Boulding, Legal and General Group PLC.

The REC has already been in contact with incoming Ministers and will be providing a detailed submission to the review team.

<< Go Back
Our website makes use of non-invasive (no personal data) cookies to provide you with an enhanced user experience. By continuing to use the site, you consent to this.Close More
The UK Law now requires us to get consent from you for the use of cookies.

A cookie is a small file containing text and numbers generated by the website and passed from your browser back to our website when you revisit the site.

A cookie is used here to allow you to navigate the site, log in etc. Without this cookie (called a session cookie), this site would not work properly and so this has already been set.

We use a popular statistics tool called Google Analytics which uses non invasive cookies to allow us to find out how effective our marketing is, based on referencing how you got to our website (search engine, direct, or from another site etc).

We use an animation based rotating image which uses a cookie to know which image was last displayed so that as you move from page to page you are not seeing the same image every time.

We can also make use of third party services such as video clip players which can set cookies, for example to enable them to know that you part played a video clip previously, or to store customised settings such as brightness or volume. Close