Employers – know your pensions responsibilities
The Pensions Regulator (TPR) is targeting its new wave of compliance checks at employers across the UK who are suspected to be non-compliant with their automatic enrolment duties.
Employers are being warned that if they are breaking the law, they may be inspected, which could lead to financial penalty or court action. TPR’s Director of Automatic Enrolment, Darren Ryder, said: “We know that most employers are doing the right thing for their staff. However, there are a small minority who persistently ignore their responsibilities. They can expect a knock at the door from us and enforcement action.”
The inspections will continue over the summer across the UK, as part of an ongoing nationwide enforcement campaign.
Make sure you know what your ongoing autoenrolment duties are regarding pensions, and what you need to do to meet them. Don’t risk enforcement action. For guidance, go to www.tpr.gov.uk/ongoing
