Auto-enrolment: The fines continue to grow

The latest report from the Pensions Regulator shows that as automatic enrolment spreads through smaller employers, warnings and fines for 'non-compliance' are soaring. In the second quarter of 2016 the regulator issued nearly 3,400 compliance notices, more than 850 fixed penalty notices of £400 a piece and nearly 38 escalating penalty notices (which can be as high as £10,000 a day).

Make sure you are prepared for your employer responsibilities or you could be adding to those numbers in the future.

Latest news

News

05 Apr 2024

Investment market update: March 2024

Read more

News

05 Apr 2024

5 practical tips that could help you set realistic financial goals

Read more