The total number of fines issued for failing to comply with their workplace pensions duties on time reached 371 by the end of March 2015
The Pensions Regulator expects to see the number of times it needs to use its powers to make sure employers comply with their automatic enrolment duties increase. As large numbers of small employers reach their staging dates, there will be more employers who leave it too late or do not comply at all. While the number of times TPR has used its powers has decreased since the previous quarter, this is in line with the staging profile. (The larger number in the previous bulletin relate to around 27,000 employers who staged between April and September 2014 compared to around 4,500 who staged between October 2014 and March 2015).
The regulator’s research indicates that the majority of employers who have completed the automatic enrolment process regret not allowing more time to complete their duties.
The Pensions Regulator has produced online step-by-step guides for employers and for business advisers to help them to understand what needs to be done to be ready for automatic enrolment.
Subscribe to The Pension Regulators News by email: Spotlight on automatic enrolment for regular updates.
CIPP response to TPR consultation on helping users of Basic PAYE Tools with the automatic enrolment calculations 20 May 2015
The CIPP has submitted its response to the Pensions Regulators consultation on helping users of HMRC’s Basic PAYE Tools with their automatic enrolment calculations.
An electronic survey was issued to members of the CIPP and also to members of the Association of Accounting Technicians (AAT). There were 62 replies which form the basis of the response.
Summarising the findings…
More than three quarters of respondents (78%) agreed that there was a need for the Pensions Regulator to develop a tool for BPT users. Almost 72% of respondents agreed that the proposed tool is the right way to avoid the risks identified by TPR. As might be expected due to the diverse mix of respondents, responses were mixed as to the level of functionality the tool should provide. When filtered to show responses from only the very smallest of employers, they believe the tool should provide everything a small employer needs so there should be no need for them to visit the marketplace. In conclusion, there is overwhelming agreement that the Pensions Regulator should develop a tool to help users of HMRC’s Basic PAYE Tools, however opinions on the form this tool should take differ, quite naturally, depending on the industry sector of the respondent. However, as was mentioned by respondents to the survey, these problems were also faced when HMRC developed its Basic PAYE Tools and have now been overcome. There is no reason to suggest that a tool developed by the Pensions Regulator would not be able to position itself in a similar way.
We will keep members updated as this project progresses.
You can view the full response to this consultation through the news link below.
CIPP response to consultation on helping BPT users undertake AE calculations
Automatic enrolment Q and A for Business Advisers 19 May 2015
Do you have any questions you’d like to ask about automatic enrolment? Experts from The Pensions Regulator will be online and ready to answer your questions on 28 May
CIPP Policy News Journal
25/04/2016, Page 316 of 453
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