Two-thirds of Small Companies not offering Pensions

A report published by The Association of Consulting Actuaries (ACA) has highlighted the lack of pension opportunities being offered in small businesses.

The Smaller Firm’ Pensions Survey states “At present, two-thirds of the UK’s smaller firms offer no pension scheme”. 96% of those not offering pensions said the main reason was simply cost.

The government have stated all companies must offer pension options by 2016.

The full report can be viewed here.

This post was brought to you by Mathew Aitken at Companies Made Simple

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