Forties People
The recruitment agency with a mature outlook and an innovative approach!
| Register with Us |
| Search for a Job |
| Find Jobs in London |
| Find Jobs in Hertfordshire |
| Candidate Login |
| Your Feedback |
No Placement No Fee
Our service doesn't cost you a penny unless we find you the right candidate
| CBI: Older workers will avoid Nest payments |
 |
 |
 |
| Latest Recruitment News - Mature Aged Recruitment News |
| Written by DirectNews Feed |
| Tuesday, 20 April 2010 00:00 |
 The Confederation for British Industry (CBI) has warned that millions of private sector workers will avoid saving unless compulsory workplace pension schemes are overhauled.From 2012, the government's National Employment Savings Trust (Nest) scheme, which is designed to simplify the pension process in order to encourage more of the 11.7 million private sector workers to save, will come into effect for those who don’t already have a pension plan. The scheme will take an annual charge from employees' contributions - an initial two per cent of all deposits and an annual 0.3 per cent management charge - and the CBI has urged a rethink on these plans as savers in a private sector scheme will be better off. According to John Cridland, CBI deputy director-general, workers in their 40s and 50s will be particularly affected as they will only make Nest savings for a few years. Mr Cridland said: "Nest is meant to be low-cost and easy to understand so that it spurs people to start saving, but the risk is that many staff will think they're getting a raw deal and will quit." Posted by James Strang 
|
Latest Recruitment News
-
Businesses urged to consider advantages of flexible working
(Tuesday 15 May 2012) -
Queen's speech reveals changes to parental leave
(Friday 11 May 2012) -
Should businesses be preparing their workplaces for aging staff?
(Wednesday 09 May 2012) -
London firms urged to prepare for Olympics strain
(Wednesday 02 May 2012) -
Part time staff recruitment in London 'won't be affected in the long-term' by AWR
(Tuesday 01 May 2012)
Archive News
-
New Recruit May 2012
03-May-2012 -
New Recruit April 2012
03-April-2012 -
New Recruit March 2012
12-March-2012 -
New Recruit February 2012
02-February-2012 -
New Recruit December
05-December-2011