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from numerous years within the Financial Services Industry.

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Friday, 21 November 2014

From The Pensions Regulator (TPR), 30th October 2014: “Enforcement Activities Increase"

Our latest figures on Automatic-Enrolment compliance and enforcement show an increase in the number of times we have exercised our powers against employers. This includes the first use of fines relating to Automatic-Enrolment.

The quarterly report includes details on particular areas of non-compliance and highlights common misunderstandings by employers about their duties.

As the number of employers staging rises significantly, we expect to see an increase in how often we need to use our statutory powers. This is based on our research among medium, small and micro employers, which shows that these employers are more likely to leave Automatic-Enrolment preparations until closer to their staging date. We believe that this is likely to lead to more employers being non-compliant with their duties.

Advertising targets small and micro businesses:

As Automatic-Enrolment celebrated its second birthday, we launched a major nationwide media campaign aimed at raising awareness among smaller employers and their advisers. Look out for our advertisements in the press, online and on radio.”

Don’t get caught out. We can help you fulfil your Auto-Enrolment legal duties. Please phone Bernard Macken on 0113 202 9529, or e-mail . Please also visit our website #BeyondBetter

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