Pensions Regulator Shows Teeth Over Automatic Enrolment

01/09/2013

The recent confirmation that The Pensions Regulator has issued the first compliance notice against an employer for failing to register its pension scheme in accordance with the pensions auto-enrolment regulations.

Failure to comply with a compliance notice can lead to very substantial and escalating fines.

In addition, the regulator has opened 89 investigations into possible non-compliance with the regulations – which began being implemented in October 2012 and should be completed by 2018.

A further 38 informal warning letters have also  been issued