Reports indicate The Pensions Regulator made 192 ‘fixed penalty’ notices of £400 in the first quarter of 2015, up 120% from the previous quarter.
Fines on employers for not complying with new workplace pension duties appear to have increased sharply in the first four months of 2015 as more and more businesses are due to register.
Recent research found that just 24% of these businesses will find time to implement auto enrolment and make it a success.
The Pensions Regulator said eight in ten smaller medium and small employers have consulted an adviser to help them comply with their duties but despite this there are “gaps in knowledge”.
You can get a free copy of our guide to Auto Enrolment by emailing firstname.lastname@example.org or you can call our auto enrolment team on 0141 248 7015 if you have any questions.
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