The Pensions Regulator (TPR) expects a significant increase in the number of sanctions it hands out for auto-enrolment non-compliance as small employers hit their staging dates.
Speaking at the National Association of Pension Funds conference today, TPR chairman Mark Boyle will say it is unacceptable for employers to breach the regulations because they started preparing too late. He will warn that, as the number of firms staging rises significantly, he expects a "corresponding increase" in the number of compliance notices, fixed and escalating penalties issued by the watchdog. Boyle will tell delegates: "As we deal with smaller employers, we will see more who, despite our message to prepare early, leave it too late or do not comply at all. "This type of no...
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