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+

Pay & benefitsPensions

Expert sounds alarm over pensions reforms

by Mike Berry 30 Nov 2005
by Mike Berry 30 Nov 2005


Businesses will be forced to make job cuts and reduce pay levels to foot the bill for rising costs if pension contributions become compulsory for employers, an employment expert has warned.

Richard Smith, employment services director at employment law advisers Croner, said that under the new Turner proposals employers were facing a ‘lose-lose’ situation.

“Not only will employers have to make significant efficiency cuts to bridge the pensions gap, there is no firm evidence either to say that promoting pension contributions as an employee ‘perk’ has any positive effect on recruitment, retention or motivation.”

“SME employers have nothing to gain from Lord Turner’s recommendations,” he said.


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.

He also warned of private sector staff migrating to the public sector for greater job security and a better work-life balance.

“If private sector businesses are compelled to contribute to pensions, all employers will find this money from planned payroll budgets. This will mean they will have to explore ways of improving efficiency, which could include job cuts and lower wages,” Smith warned.

Mike Berry

previous post
Pensions report published
next post
Pensions Commission sees 68 as the retirement age by 2050

You may also like

Reforming paternity leave could benefit UK by £13bn...

30 Jun 2025

Bank of England says NIC rise is dampening...

27 Jun 2025

Graduate pay versus the living wage: an HR...

25 Jun 2025

Pensions regulator: make sure summer staff don’t miss...

18 Jun 2025

Pension Schemes Bill should be ‘hugely beneficial’ for...

5 Jun 2025

Pension reforms could put savings at risk, group...

30 May 2025

HMRC releases research on removing salary sacrifice tax...

28 May 2025

Three ways technology can boost wellbeing outcomes

27 May 2025

Public sector workers gain pay rises of up...

22 May 2025

Deloitte scales back salary rises and promotions

22 May 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+