Automatic Enrolment: Awareness high, although fines start to bite

Don't Get Penalized in red and white 3d words and letters to illustrate a warning to avoid breaking rules and getting fined, feed or punished when you are caught New research has shown that awareness of Automatic Enrolment amongst employers is high. But despite this the regulator has started to issue tougher fines. Figures released by The Pensions Regulator reveal that: More employers than ever are aware of their Automatic Enrolment duties. 97% of medium size employers are aware of what is required, however the level of knowledge falls in line with the size ...

Automatic Enrolment: Act now, it’s the law! Regulator clamps down on non-compliance

Don't Get Penalized Red 3D Words Fee Punishment Foul Rule BreakiIf your business is due to comply with the Automatic Enrolment regulations during the next few months, news that the regulator has started to issue fines will certainly make your ears prick up. The Pensions Regulator has revealed it that in April (the latest date for which figures are available) it issued three firms with fixed penalty notices, each carrying a fine of £400. In addition to the three fines, the regulator also issued a further 162 compliance notices giving rogue employers ...

Automatic Enrolment: Regulator warns small businesses

Automatic Enrolment: Regulator warns small businessesThe Pensions Regulator has warned that hundreds of thousands of small business do not know their Automatic Enrolment Staging Date and risk failing to comply with the new rules. Over the next few years all businesses will have to enrol their staff into a pension scheme; the exact date by which firms must comply is known as their Staging Date. However, new research has shown that many employers don’t know their Staging Date, leading to concerns that they will fail to comply with the new rules....