The Pensions Regulator is performing auto-enrolment checks on large businesses
11 February 2020
Some of the UK’s largest businesses, who were required to adhere to auto-enrolment legislation back in 2012 will have spot checks carried out on them by The Pensions Regulator (TPR) to ensure that they are still acting in accordance with the rules.
A number of larger businesses, including banks, local authorities, supermarkets and national charities have been subject to these auto-enrolment compliance spot checks and have already received visits from TPR since the inspections began in January 2020. The businesses approached employ approximately 500,000 people between them, and so it is imperative that they are doing the right thing in terms of autoenrolment for their employees. TPR has confirmed that the inspections will continue over the coming months, and will be conducted at short notice.
The inspections follow on from a series of visits in 2019 to large businesses to check they were complying with their duties, and the regulator will collate information collected from all inspections to determine if there are any emerging common themes and to establish if there are any lessons that can be learned.
The director of automatic enrolment at TPR, Darren Ryder, said:
“Large employers led the way at the start of auto-enrolment by successfully meeting their new duties – and compliance soon became the norm for all employers.
Compliance with the law remains high, and these inspections help ensure that these employers are continuing to meet their ongoing duties, including re-enrolment.
Millions of staff depend on large employers to do the right thing so that they do not miss out on the pensions they are entitled to.”
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