CBI lobbies Andrew Smith ahead of November's Pensions Green Paper

November 2002
Management Services;Nov2002, Vol. 46 Issue 11, p6
Academic Journal
This article reports that Digby Jones, director general of the Confederation of British Industries (CBI) and Susan Anderson, director of human resources policy of the CBI, met with Andrew Smith recently to discuss pensions, ahead of the green paper of the government of Great Britain, which will be published in November 2002. The CBI argued that employer compulsion would seriously damage small- and medium-sized enterprises, resulting in less employment in this sector, and that the government should therefore rule out this option. They pressed the government to adopt an incentives- and voluntary-based approach to tackling the pensions savings gap. The CBI has been developing policies in this area, centering on better education and guidance, more incentives to save for retirement and more flexible retirement policies. CBI also pressed for further action to reduce the cost and complexity of occupational pensions with a view to stabilizing employer provision and called on the government to do more to defend money purchase schemes.


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