TPR launches 590 non-compliance investigations for auto enrolment
Since auto enrolment began in October 2012, The Pensions Regulator (TPR) has opened 590 investigations into suspected non-compliance.
Responding to a Freedom of Information request from Professional Pensions, TPR revealed that is took action under its compliance and enforcement policy in 134 instances, to 29th January 2014. Three compliance notices were issued to companies failing to complete registrations, with another notice issued to an employer that had failed to establish a scheme.
A further 28 companies who were at risk of non-compliance were contacted by TPR, and 101 warning letters for minor alleged breaches in compliance were also sent out.
The cases involved included those where employers had contacted the regulator with concerns ahead of staging, as well as smaller employers who wanted to move their staging date forward. There were also some cases which were results of “reports from whistle blowers”.
This announcement confirms just how complex preparing for auto enrolment can be. With over 32,000 businesses set to stage in the 2014-2015 financial year, gaining access to software, services and advice will become more difficult. This is why it is of vital importance to plan early, so you can give your organisation enough time to prepare and ensure you will be fully compliant by your staging date.
IRIS is offering a range of solutions to help your business prepare for auto enrolment. Visit the auto enrolment page to see how you could benefit.