The Pensions Regulator (TPR) has levied its first fines to employers in the United Kingdom for failing to complete their automatic enrolment duties on time. TPR also issued 163 compliance notices to employers as it began to take action for non-compliance following the enforcement of such activities in 2012.
A spokeswoman for the TPR confirmed that it had issued three fixed-penalty notices for the period between July and September and that all the notices carried a fine of £400. The additional compliance notices were sent during the same period to inform employers that they need to take immediate action regarding auto-enrolment.
Fines are currently only issued when an employer does not comply with these notices. The TPR said that it had also issued eight information notices during the third quarter as a means of demanding important information and financial documents from employers and a further six inspection of premises notices. All flexible workers are currently auto-enrolled into a pension scheme when they work for an Umbrella Company.
“We know most employers want to do the right thing and comply with the law,” TPR executive director for auto-enrolment, Charles Counsell, said in a statement posted on the regulator’s website. “Where we take enforcement action by issuing a compliance notice, this gives employers the necessary wake-up call to provide the pensions their employees are due.”
Mr Counsell added: “As we deal with smaller employers, we will see more who, despite our message to prepare early, leave it too late or do not comply at all. This type of non-compliance is not acceptable.”