Pensions - Articles - TPR takes tough stance on non compliance

 Kate Smith, Head of Pensions at Aegon, comments: “The volume of fines being issued by the Pensions Regulator indicates it is taking a tough stance on non-compliance with auto-enrolment. Although the vast majority of employers are doing the right thing, there continues to be a small minority who are failing to take auto-enrolment seriously, leading to warnings and ultimately fines from the Pensions Regulator. Quite rightly the Regulator takes a forensic approach to auto-enrolment, with non-compliance leading to a warning, a target date for employers to put things right and therefore avoid a fine.

 “Eligible workers have a legal right to an employer’s pension contribution and the auto-enrolment system will only work in the long-run if all employers comply with the law, enabling workers to build up long-term savings.”