automatic enrolment

Employer handed six-figure fine for pension failures

Employers are being warned not to put their head in the sand after one business ended up with a £350,000 fine for failing to fully comply with its pension duties. The anonymous case study is included in The Pensions Regulator’s (TPR) recent quarterly compliance and enforcement bulletin. Despite warnings from TPR, the employer, which has 5,000 staff, allowed an Escalating

Read more

Read more

Recruitment agency to be prosecuted for failing in AE duties

A recruitment agency and its managing director are to be prosecuted by The Pensions Regulator (TPR) on suspicion of trying to avoid providing their staff with a workplace pension. Hertfordshire-based SKL Professional Recruitment Agency Ltd and managing director Linus (Lee) Kadzere are accused of wilfully failing to comply with their automatic enrolment duties under section 45 and 46 of the

Read more

Read more

Investigations launched into firms ‘that try to dodge pension duties’

Employers across the UK that try to dodge their workplace pension duties by changing their company name are being hunted. The Pensions Regulator (TPR) has become aware of a number of employers that appear to have tried to conceal their failure to comply with the law by hiding behind a new name. TPR investigators are now working with their counterparts

Read more

Read more

Re-enrolment made simpler

Employers will be able to re-enrol their staff into a workplace pension more simply following the launch of a new online resource. While the vast majority of employers are carrying out re-enrolment successfully, some are failing to complete the task correctly – which could lead to a fine. The new re-enrolment tool is being launched by The Pensions Regulator as thousands of

Read more

Read more

Law breaking employers targeted in new round of pension compliance checks

Employers who flout their automatic enrolment pension duties are being targeted with short-notice inspections by The Pensions Regulator (TPR). TPR is using data to pinpoint specific employers up and down the country 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. It is

Read more

Read more

Advisers, do you have multiple client declarations / re-declarations you need to submit for automatic enrolment?

The Pensions Regulator (TPR) has an online bulk declaration feature that may be able to help to save you time if you are an adviser. Instead of submitting your client declarations file-by-file, this online feature allows you to submit multiple declarations within one single file upload only. For full details on how to use the bulk declaration feature, visit TPR’s submit

Read more

Read more

Accountant trustee jailed for plundering company pension scheme

An accountant has been jailed for more than three years after he fraudulently took more than £290,000 from a pension scheme. Roger William Bessent was a trustee and administrator for the Focusplay Retirement Benefit Scheme but transferred savers’ money into struggling and new businesses he part owned and which were run by himself, his family and a client. He now

Read more

Read more

AE pension contributions set to rise

From 6 April, the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme will increase. The employer minimum contribution will rise from 2% to 3%, while the staff contribution increases from 3% to 5%. This means the total contribution overall goes up from 5% to 8%, in a process known as ‘phasing’. Overseeing body

Read more

Read more

Keeping pensions safe for the millions newly saving

A report published demonstrates how The Pensions Regulator (TPR) is working to make sure members’ savings stay safe. TPR’s latest quarterly compliance and enforcement bulletin  follows news that 10 million people are newly saving or saving more thanks to automatic enrolment. The bulletin demonstrates the wide ranging action TPR is taking to protect savers and ensure staff receive the pensions they

Read more

Read more