The Pensions Regulator Gets Tough On Employers And Pensions Schemes

14 November 2017

The Pensions Regulator Gets Tough On Employers This week has seen The Pensions Regulator publish the names of 169 employers taken to court for failing to pay fines that had been levied on them for breaching workplace pension rules. The fines total more than £ 1.25 million and included a social club, a surgeon's body, a rugby club, fish bar and even a church. The Pension Regulator also revealed that notices had been issued to 753 employers between July and September this year for unpaid pension contributions, up from 653 in the previous quarter.

Darren Ryder, Director of Automatic Enrolment at TPR, said: "It is not enough to just comply with automatic enrolment laws by signing staff up to a scheme. Employers must also meet their duties to contribute to their employees' pensions every month."

"Automatic enrolment has been hugely successful. There are now more than 800,000 compliant employers with more than 8.7million workers in workplace pension schemes. The vast majority of employers are doing the right thing for their staff and are meeting their pension duties."

"Clearly 753 employers not paying contributions is a very small proportion of those that are compliant – less than 0.1%. But every employer which is failing to make payments into their staff's pension pot is one too many. We will not let employers get away with failing to meet their duties and we will take action."

According to the statistics released by The Pensions Regulator, there was nearly a 50% increase in the number of compliance notices issued to employers for failing to meet their automatic enrolment duties compared to the last quarter and 5470 more fixed penalty notices were also issued. In total, there were 21,753 cases of powers being used in automatic enrolment between July and September 2017.

The increase in action against employers shows that The Pension Regulator is now striving to be tougher on employers and pension schemes that fail to meet expected standards and legislative requirements.

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    • Sp avatar Chris Wall

      Chris was Head of Mass Markets at Smart Pension. Chris served as Smart Pension's Head of Mass Markets from June 2016 to September 20…