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Employers are not nannies

It still has not occurred to trade unions, the Government and large swathes of the financial services industry that it really is not an employer’s task to

look after the pension provision of staff.

They are not benefit agencies or nannies. In the last analysis, they provide a good or service and pay a market rate to their workers. It is then up to the employee to spend his or her money as they think fit.

These Government impositions will do nothing but skew the labour market.

There are too many examples of benefit companies masquerading as a business. GM in the US is a benefit company that makes cars on the side. BA over here flies planes as a sideline. There are many more examples.

Government interference over the last eight years has in the end done nothing but reduce pension benefits which were provided in a free market. Perhaps the TUC needs to consider whether pushing for pensions paid by employers does not in the end jeapordise the very jobs they seek to protect.

The inescapable conclusion to the conundrum concerning those who will not save for retirement is that most unpalatable and unpopular of all words – taxation.

The problem here is that one requires a Government that is competent, honest and willing to think further than the next election. That settles that then – the problem is intractable.

Harry Katz

Norwest Consultants

Stanmore, Middlesex


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