The Pensions Regulator launches business sector auto enrolment compliance visits
The Pensions Regulator has started targeting specific business sectors which it feels may face challenges when trying to comply with auto enrolment.
The first sector to be targeted in this new campaign is the recruitment industry, due to the fact that more than 1,000 recruitment employers are due to reach their staging date between April and July next year.
“The visits were made to prevent and tackle possible breaches, ensure compliance, learn lessons and share good practice among the industry. The regulator wants to reduce the likelihood of enforcement action by identifying and, where possible addressing problems early. As a result of information gathered from the visits, the regulator will be issuing compliance guidance tailored for the recruitment sector” a spokesperson for The Pensions Regulator commented.
“Over the coming months we will be carrying out more visits to employers in other sectors where we have identified potential compliance challenges. We want to ensure any problems they face are addressed in good time and that they do not run the risk of non-compliance – which can come at a cost.”
The Pensions Regulator is urging employers to make sure that their chosen pension scheme and software providers can meet their needs.
“Employers must start communicating with providers in good time and test payroll systems ensuring they allow enough time, before their staging date to address any complications. Employers must also plan how they will best communicate with workers and leave plenty time to accurately assess their workforce.”
Have you started preparing for auto enrolment yet? Why not download our free introductory guide to find out what you need to do and when?