The Pensions Regulator update
February 2018

The Pensions Regulator (TPR) has issued their Compliance and Enforcement update for the period ending December 2017.

It is again evidence that TPR will not accept non compliance to automatic enrolment regulations.

This quarter sees the first criminal prosecution by The Pensions Regulator.

  • 32,211 Fixed Penalty Notices have been issued with offenders facing a bill of £400 for failure to comply with a Statutory Notice or specific employer duty
  • 6,770 Escalating Penalty Notices have been issued with fines between £50 and £10,000 per day for failure to comply
  • 79,879 Compliance Notices have been served giving notice to remedy a contravention of the employer duties
  • We’ve seen the first ever guilty plea in a criminal prosecution for Oldham based Stotts Tours.  They were charged with 16 offences of wilful non-compliance and ordered to pay a £27,000 fine, £7,400 in costs and £120 victim surcharge.  This was in addition to a personal fine for the owner of £4,455 and a £120 victim surcharge plus £14,400 in civil fines owed by the Employer!

Don’t forget … automatic enrolment is not an option.  It’s the law.

If you refuse to comply, you could end up with a criminal record.

The Corporate team here at Russell Ulyatt can provide you with the necessary guidance and advice to help you meet the regulations now and in the future with the provision of ongoing governance.

Please get in touch with us to find out how we can help.

This entry was posted in Topical Updates.

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