Employers who are suspected of not complying with their automatic enrolment pension duties are being targeted with short-notice inspections by The Pensions Regulator (TPR).
TPR is using data and intelligence to pinpoint employers who are suspected of breaking the law, including those who fail to put staff into a pension scheme or who make no, or incorrect, pension contributions. If you are requested to take part in an inspection, you must comply and failure to do so may result in fines or even court action.
TPR’s Director of Automatic Enrolment, Darren Ryder, said: “TPR is increasingly led by our data and intelligence streams which enable us to detect potential non-compliance and take swift action against individual employers. This allows us to target our resources in a very focused way, as part of our role to protect pension savers. “We know the vast majority of employers are doing the right thing for their staff, however there are a small minority who persistently ignore their responsibilities. They can expect a knock at the door from us and enforcement action.”
In order to remain complaint with TPR, you must monitor the ages and earnings of your staff, manage requests to join or leave your scheme, keep records, maintain contributions and understand and comply with re-enrolment responsibilities. You can find more detailed information on your responsibilities here www.tpr.gov.uk/ongoing