Monthly Archives November 2016

Auto enrolment penalties see sharp increase

Auto enrolment penalties see sharp increase Stark new figures from The Pensions Regulator have revealed a sharp increase in the number of fines dished out to SMEs that fail to address their auto-enrolment obligations. The number of fixed penalty notices given out between July and September reached 3,728 fixed, compared to 861 between April and June. Under TPR rules employers are fined £400 for a breach, increased more than four times on the previous quarter’s amount. TPR auto-enrolment executive director Charles Counsell said he recognised that employers have unique circumstances and challenges, “But the law is still the law. Employers who
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