Auto enrolment compliance and enforcement report issued
01 August 2014
The Pensions Regulator has published compliance and enforcement details showing how often it has needed to make use of its formal powers to ensure employers comply with their automatic enrolment duties.
The Pensions Regulator has published the first of its new quarterly reports on compliance and enforcement. This shows the regulator had used its powers on twenty three occasions up until the end of June this year. The powers listed include the ability to carry out inspections and to issue statutory notices including fixed penalty and escalating fines.
Education is a core element of the regulator’s automatic enrolment ‘Compliance and Enforcement strategy’. As well as including details of how many times they have used their powers, this quarterly bulletin includes information about proactive casework, lessons learned from casework and notifications of developments they think employers and/or the industry need to be aware of. These are aimed at helping employers to avoid issues which could lead to non compliance.