The latest Compliance and
Enforcement Bulletin from the Pensions Regulator (TPR) makes interesting
reading as it sets out cases and the powers TPR have used relating to automatic
enrolment and associated employer duties.
TPR are warning employers that
ignoring TPR penalties could seriously damage a business’ reputation.
TPR are maintaining a tough
approach towards those employers who try to get away with not giving their
staff the pension that they are due. The latest development is to publish
details of those who have paid their Escalating Penalty Notice (EPN) but remain
non-compliant. We will also publish the details of those who failed to pay
their EPN, and as a result have been made subject to a court order.
The details published will
include the employer’s name, the penalty amount, and the first part of their
postcode.
Internet links: TPR Bulletin EPN employer details
For more
information please do not hesitate to contact the team at Ward Williams
Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk.
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