Workplace Pensions: Automatic Enrolment

Workplace Pension Advice

04 Feb Workplace Pensions: Automatic Enrolment

The Pensions regulator has confirmed that 90% of the first small and micro employers to reach the date their workplace pensions duties start have now complied with the law, showing that automatic enrolment is successful for all sizes of employer.

Since the start of automatic enrolment:

  • 4,818 compliance notices have been issued.
  • Around half of these (2,596) were issued between October and December last year.
  • A total of 1,594 £400 Fixed Penalty Notice fines have now been issued to employers.
  • Just over a thousand Fixed Penalty Notices were issued in the last quarter of 2015.

The Pensions Regulator (TPR) scores a success in landmark legal battle

A High Court judge ruled that TPR’s guidance on the eligibility of certain workers, such as seafarers and pilots, to be automatically enrolled into a workplace pension, was correct.

The ruling confirmed that, when establishing where such a worker “ordinarily works”, the base test, not the contract test, is the appropriate test to apply.

This ruling confirms the position taken in the TPR’s detailed guidance on assessing a worker.

If you are unsure if employees or contract workers should be automatically enrolled, you should seek advice from the TPR or a suitably experience pension adviser.

Pensions advice:

It is vital you know what to do to avoid the £400 penalty fines, and subsequent fines if problems are not resolved, so please contact Astute Money Management (FCA regulated Independent Financial Advisers) on 01202 263856 or email advice@astutemm.co.uk for a free consultation.

Article published 01/02/2016; Written by Daniel Weldon. Source The Pensions Regulator (TPR).

 

No Comments

Post A Comment