The Pensions Regulator (TPR) has issued the first quarterly bulletin which
details how many times it has needed to use its formal powers to ensure
employers comply with their automatic enrolment duties.
The first of the new quarterly bulletins shows the regulator had used its
powers on 23 occasions up until the end of June this year. The powers listed
include the ability to carry out inspections and to issue statutory notices
including fixed penalty and escalating fines.
Executive director of automatic enrolment Charles Counsell said:
‘Employers and the pensions industry are understandably interested to
know how and when we use our powers. To date the vast majority of employers are
complying with their new workplace pension duties without the regulator needing
to use our enforcement powers.’
‘I believe this is a testament to the success of our proportionate,
risk-based approach to compliance and enforcement. We target our resources where
they will maximise compliance and work with employers to help them comply with
their duties.’
‘We have provided the tools and assistance that large and medium
employers need to ensure millions of workers didn’t miss out on the pension
contributions they are entitled to. On a small number of occasions, when our
intervention has not resulted in the required outcome, we have used our powers
to help to ensure employers comply with their duties.’
For general guidance on employers auto enrolment duties see TPR
website. If you would like specific guidance, help or advice on how to deal
with your auto enrolment obligations please do get in touch.
Internet link: Bulletin
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