Some employers might be reluctant to get on board with changes to employment legislation, particularly when it comes to pensions.
IFAs report some employers believe no regulator will catch them if they simply ignore auto-enrolment reforms. However, the Pensions Regulator (TPR) has spelled out just what happens to employers of any size which fail to comply. Here is a breakdown of the compliance process which might help jog your employer clients into action: 1) Early warnings TPR will issue at least two letters, one at 12 months and one at three months before their staging dates, to every employer informing them of their duties. The letters also contain details on where to find more information and support, s...
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