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Money Box: Pubs clubs and workplace pensions

18/04/2020

04/03/2017

Pubs clubs and workplace pensions

BBC Radio 4 - Money Box, Pubs clubs and workplace pensions

Workplace pensions, tax overpayers told to stop and bank branch staff tackle fraud.

Calls for workplace pension changes, why Swedes deliberately overpay taxes, personal injury compensation and how bank branch staff can stop customer cash going to criminals.

Business owners who employ transient staff on non-standard contracts want to see changes to the scheme that automatically enrols eligible employees into workplace pension schemes. They say it's expensive and fails to reflect more modern ways of working. The Pensions Regulator has identified the hospitality sector as "an area of higher risk of non-compliance" with auto-enrolment. Should certain industries be exempt from workplace pension duties? Guest: Steve Webb, Royal London Director of Policy. 

Firms and individuals in Sweden have been willingly overpaying their taxes. The excess cash from that accounts for almost half of the country's Skr85bn budget surplus. Professor Lars Calmfors from the Institute for International Economic Studies at Stockholm University explains what's behind it and why the Swedish government considers it to be a problem. 

Banks are stepping up measures to prevent their customers from taking out large amounts of cash to pay fraudsters. The joint bank, police and Trading Standards initiative enables branch staff to be more aware of potential fraud situations and provides a standard alert procedure. It's already been tested in London where it resulted in 14 arrests and one conviction. 

A formula used to calculate lump sum compensation payments for people with long-term injuries is being changed for the first time in 16 years. It means their payouts will increase, however insurers are warning customer premiums will also rise as a result. Huw Evans,Director General of the Association of British Insurers and Neil Sugarman, President of the Association of Personal Injury Lawyers discuss. 

Presenter: Lesley Curwen
Reporters: Jordan Dunbar and Tony Bonsignore
Producer: Charmaine Cozier
Editor: Andrew Smith.

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