Automatic enrolment is not optional: Don?t let your clients leave it too late
09 February 2015
Figures recently published by The Pensions Regulator show an increase in the number of fines issued to employers who did not comply with their workplace pensions duties on time.
With more than 1,300 compliance notices and over 165 fixed penalty notices issued by the end of 2014, more employers are regretting not allowing enough time to prepare for their automatic enrolment duties.
There are underlying reasons for the increase in the use of enforcement powers. Firstly, there is an increase in the total number of employers who have staged, and secondly, the behaviour of smaller employers is different. There are more who, despite the messages to prepare early, leave it too late.
Click here to create an action plan based on a client’s specific staging date to identify what needs to be done, and by when.