TPR carries out spot checks on South Wales employers 6 September 2017
Inspection teams have been visiting dozens of businesses in Cardiff, Newport, Caerphilly, the Vale of Glamorgan and Rhondda Cynon Taf to check that qualifying staff are being given the workplace pensions they are entitled to.
The move is part of a nationwide enforcement campaign by The Pensions Regulator (TPR) which began in London in April to ensure employers are meeting their automatic enrolment duties correctly.
This is the first time these checks have been done in Wales. Short-notice inspections have also been carried out in Greater Manchester, Sheffield, Birmingham, Edinburgh and Glasgow.
Darren Ryder, TPR’s Director of Automatic Enrolment, said:
"The vast majority of employers are continuing to become compliant ahead of their deadline but these visits help us to identify why some have not, so we can take action where we need to.
Every employer has workplace pension duties and we are determined that every worker gets the pension they are entitled to.
Automatic enrolment is not an option, it’s the law. Where we find employers are not complying with the law, we will use our powers to make them comply."
More than 690,000 employers across the UK have met their automatic enrolment duties, with more than eight million workers given workplace pensions as a result.
Data to the end of April 2017 reveals that more than 2,370 employers in Cardiff have met their automatic enrolment duties, along with 790 employers in Newport, 920 in Caerphilly, 900 in the Vale of Glamorgan and 1,400 in Rhondda Cynon Taf. As a result, more than 84,000 members of staff in those areas have been put into a workplace pensions to date.
TPR teams will begin visiting other towns and cities across the UK in the coming weeks.
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Automatic enrolment continues to shape the savings landscape 07 September 2017
The Pensions Regulator’s latest annual automatic enrolment commentary and analysis report highlights the success of AE to date and shows how it will continue to roll out across the UK for more than 700,000 employers this year.
The latest estimates of new employers expected to have pension duties until the start of 2020 show how AE will continue to reverse the decline in workplace saving. In 2012, 55% of staff were saving into a workplace pension and by 2016 that figure had risen to 78%.
In 2012, 55% of staff were saving into a workplace pension and by 2016 that figure had risen to 78%.
You can read the analysis in full on TPR's website.
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Bus firm and director prosecuted for failing to give staff workplace pensions 11 September 2017
Stotts Tours (Oldham) and its managing director face eight charges of wilfully failing to comply with the company’s automatic enrolment duties
The Chartered Institute of Payroll Professionals
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