Some Doncaster opposed to pension legislation

Over half of business owners in Yorkshire and Humberside are not in favour of auto enrolment pensions according to results of the latest Close Brothers Business Barometer.

The quarterly survey, which aims to gauge the sentiment of SME owner managers on a range of issues that affect their business, highlighted that many business owners do not feel that the legislative requirements will provide realistic returns.

As many as 27 per cent of firms in the region believe that employees will choose to opt out of the scheme anyway due to financial constraints.

The survey further revealed that over a fifth of business owners in Yorkshire and Humberside feel that the new requirements will prove too costly for employers to fulfill at a time when many businesses are focusing on making ends meet.