New pension rules for small businesses

The video discusses the impact of manufacturing in a workshop on keeping prices competitive. It highlights the upcoming deadline for a company pension scheme affecting twenty staff members by February 2017. The video also covers new regulations for small businesses, requiring them to enroll employees over 22 earning more than £10,000 annually into pension schemes. Young workers express mixed feelings about these changes. The jewelry trade faces additional financial challenges due to these regulations.

What challenges might small businesses face regarding the new pension regulations?

How does the jewelry trade in the city relate to the competitive market?