The Pensions Regulator (TPR) has issued 166
Fixed Penalty Notices of £400 to employers who failed to meet their obligations
in the last quarter of 2014.
The number of employers approaching the
date when they must confirm that they have complied with new workplace pensions
duties (known as a declaration of compliance) is now beginning to rise
significantly as Auto enrolment is rolled out across all employers. In future
months, TPR expects to see more employers who, despite the message to prepare
early, leave it too late or do not comply at all.
The Pensions Regulator’s Director of
automatic enrolment, Charles Counsell, said,
‘My message to all employers is that
failing to declare within five months of your staging date means you risk being
fined, which is why we recommend you start your automatic enrolment planning
and preparation 12 months before staging.
It appears some medium employers waited for
a prompt from the regulator before completing their automatic enrolment duties.
Employers must complete all their duties including making their declaration of
compliance to The Pensions Regulator.’
Experience to date also shows that
employers should begin gathering the information they need to complete their
declaration of compliance well in advance of their deadline.
If you would like help or advice with auto
enrolment please contact us on 01932 830664 or email us at wwfs@wardwilliams.co.uk
