The Pension Regulator issues a quarterly summary of the compliance and enforcement activities it initiates or completes in the period. The most recent summary can be found here. The financial press use this as a source for articles and the FT Adviser wrote about the use of County Court Judgements, (CCJs). (Please see the full article here).
A press release from The Pensions Regulator this morning, (21st April 2016), and articles in the financial press highlights the plight of employers who make a mess of their auto-enrolment duties. Swindon Town Football Company Limited, the trading entity behind the Division 1 football club, was fined £22,900 for not enrolling workers into a pension scheme and other workplace pension duties.
In the next three years, 1.3 Million employers will need to establish pension schemes and declare compliance with The Pensions Regulator, (TPR).
Although Auto-Enrolment has dropped off the news agenda recently, it is still ongoing, with more and more employers being contacted by The Pensions Regulator, (TPR), at the 12 months point before their statutory staging date. This financial year 150,000 employers will get to their staging dates and ignoring it is not an option!