The Pension Regulator (TPR) is turning up
the heat on Employers.
Employers must take action to put a
qualifying registered Pension Scheme in place by the company’s ‘staging date’,
otherwise compliance action will be taken.
In the last quarter of 2015, TPR have
issued:
- 4818 Compliance Notices
- 224 Unpaid Contribution Notices
- 1594 Fixed Penalty Notices
- 31 Escalating Penalty Notices
In a report TPR said:
“In the next 12 months, more than 500,000
employers will go through Automatic Enrolment.
We expect to see a rise in the number of times we need to use our
powers, so our message to employers remains clear: start getting your plans in
place early or you risk being fined.”
If you need assistance in setting up an Auto
Enrolment compliant scheme, Ward Williams Financial Services Ltd are
able to assist. Please contact us on 01932 830664 or
wwfs@wardwilliams.co.uk.
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