With up to 500,000 small and micro employers due to join the auto enrolment regime in 2016, The Pension Regulator (TPR) has announced that in the 3 months to December 2015, they have issued nearly 1,500 fines of £400 each. In a statement from TPR they commented that:
“Our research shows that most employers want to do the right thing by their staff but that smaller employers are more likely to leave things to the last minute. They therefore need a “nudge” to encourage them to meet their duties.
A minority still don’t comply after receiving a notice of non-compliance, but many do after receiving a fixed penalty of £400. As we deal with smaller employers, it is expected there will be more who, despite the message to prepare early, leave it too late or don’t act at all. We take this very seriously….“
If you are an employer who would like friendly and pro-active support in planning towards joining the auto-enrolment regime, or have any queries please do not hesitate to contact our team at Morrell Middleton on 01904 691141 or by email at firstname.lastname@example.org