You could be due a visit from The Pensions Regulator

The Regulator has recently announced that it is concentrating on employer governance to see if employers are complying with their auto-enrolment duties correctly.  It is stepping up its spot checks on employers by visiting businesses throughout the UK to ensure that they are meeting their legal duties.

It has already been, as part of its national enforcement exercise, to a number of towns.  It is highlighting employers who have not taken the required steps to become or remain compliant.  This then leads to enforcement action.

The Pensions Regulator’s Acting Director of Automatic Enrolment, said:

“Automatic enrolment is not an option, it’s the law. Where we find employers are not complying with the law, we will use our powers to make them comply.”

There is no doubt that the Regulator means business.  For example, in the first quarter of this year alone, it issued more than 4,673 fixed penalty notices of £400 for non-compliance with AE responsibilities.  Between April 2016 and March 2017 it used its formal powers on 50,068 occasions, an increase of 41,256 on the number of times powers were used in the previous year.  Some of the highest fines have been over £52,500 and it has prosecuted its first company directors. It is also naming and shaming employers on its website, which could have an adverse effect on a business’s credit rating.

If you want to ensure that you have and are continuing to comply with the regulations, we can carry out a review of your auto-enrolment scheme and processes.

If you would like further details on how we can help you, please contact Dion Prideaux-Reynolds on 01635 551333.

You can download our Employers Guide to Auto-enrolment here.

We have also published a Guide to Auto-enrolment Statutory Contributions, which you can download here.

 

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