Pensions - Articles - JLT comments on the Pension Regulator fining small companies

 “The rate of increase in auto-enrolment non-compliance is a concern. The Pensions Regulator is clearly taking a harder line with employers who fail to complete all the technicalities of auto-enrolment on time, which highlights the need for small and medium sized employers to face this challenge early and get the right support to comply fully, especially if they are already behind the ideal timetable. The continued success of auto-enrolment is important for the retirement health of the UK workforce, but it can be a complicated process. We applaud the Regulator’s attempts to encourage compliance and recognise the need for fines as a last resort. Employers who make a genuine effort to do the right thing should not face fines for minor non-compliance.”