Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Latest NewsEconomics, government & businessPay & benefitsPensions

CBI outlines its own take on pension crisis

by Mike Berry 20 Feb 2006
by Mike Berry 20 Feb 2006

The CBI has urged the government not to enforce compulsory pension contributions from employers as recommended by the Pensions Commission.


Under Lord Turner’s proposals for a National Pensions Savings Scheme (NPSS), employees would contribute 5% (1% being National Insurance tax relief) with employers forced to add 3%.


Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

But the CBI said this was unfair, instead recommending three alternatives:




  • A ‘Pensions Builder’ to boost employee contributions. Businesses would still donate 3% and the individual would pay 5%, but these amounts would be supplemented by a one-off transfer or part of an annual pay rise into their pension.


  • A ‘Partnership Pension’ to support smaller employers which would still contribute 3%, but have 1% paid by the government. Employees would also contribute 5%.


  • A ‘Pension Tax Credit’ where employers would still donate 3%, but receive a tax credit based on 150% of their contribution. The employee would still contribute 5%.

The CBI estimates it would cost £475m a year to implement its proposals.

CBI
Mike Berry

previous post
Higher status role to attract graduates to nursery roles
next post
Tribunal finds for GMB in case of branch secretary’s advice

You may also like

Level 7 apprenticeship funding cuts to cost employers...

23 Jun 2025

Skills receive £1.2bn boost in new industrial strategy

23 Jun 2025

Low-paid could receive ‘Britannia’ dividend under Reform’s non-dom...

23 Jun 2025

Man who used company credit card for himself...

23 Jun 2025

Personnel Today Awards 2025: Final deadline today

23 Jun 2025

UK engineering and manufacturing firms face hiring struggles

23 Jun 2025

Empowering working parents and productivity during the summer...

23 Jun 2025

How smarter collaboration can eliminate the workplace productivity...

23 Jun 2025

Aldi to hire for 1,000 new supermarket roles

23 Jun 2025

Seven ways to prepare now for the Employment...

20 Jun 2025

  • Empowering working parents and productivity during the summer holidays SPONSORED | Businesses play a...Read more
  • AI is here. Your workforce should be ready. SPONSORED | From content creation...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+