will be automatically enrolled by small employers across the country. Small employers are those with fewer than 50 workers.
Later this month the regulator will be publishing the third in a series of quarterly bulletins showing the number of times it has used its powers. While the regulator takes an ‘ educate and enable ’ approach to ensuring compliance, deliberate or persistence failure is not acceptable. The regulator expects to see an increase in the use of powers – including issuing £400 fines – as the size and type of employer changes.
The Pension Regulator’s executive director of automatic enrolment, Charles Counsell said:
“Small businesses should leave 12 months to prepare – they may be more likely to leave things to the last minute – but doing this risks financial penalty. It is better to leave extra time than not enough.”
There is lots of information on the regulator’s website and it has recently been refreshed to make it easier for small employers to use. Listed below are also some useful links.
Help your clients prepare for automatic enrolment The essential guide to automatic enrolment Staging date tool Nominate a contact Planning tool 6 month checklist Subscribe to TPRs news by email
Employers with staging dates from May 2016 to expect letters from Regulator
22 January 2015
From the end of January The Pensions Regulator will start mailing the one and a half million small and micro employers who have a staging date of May 2016 or later.
The regulator has issued a press release with details about this new all-employer mail out. This is happening in addition to the regular ‘12 months ahead of staging date’ mail out and aims to ensure that by the summer all employers know their staging date. Research from the regulator has shown that significant numbers of small and micro employers do not know their staging dates. This mailing activity also asks employers to provide email contact details and asks them to nominate a primary point of contact which the regulator can then send regular reminders and updates as their individual staging date approaches. The letter will also ask employers to nominate a secondary contact, which may well be their adviser, for example accountant, bookkeeper or payroll provider. The key message for advisers is to be prepared for clients to contact you about automatic enrolment, and to let clients know to look out for a letter from The Pensions Regulator in the coming months.
For further information on helping clients prepare for automatic enrolment is available on The Pension Regulator’s website .
Increasing number of employers feel administrative impact of automatic enrolment
CIPP Policy News Journal
08/04/2015, Page 355 of 521
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