Cash-strapped businesses have rightly been given the breathing space to pay bills — by banks, by landlords and by the tax authorities. But the tolerance for delay is going too far in the case of their staff pension contributions. There is growing evidence that some employers are deducting pension contributions from their staff pay packets and holding on to the money, instead of passing it on to be invested. Scale that up to 1.7 million employers and 10 million auto-enrolled employees and that is a lot of cash possibly going astray. Employees pay

Source: The Times August 19, 2020 23:02 UTC