The Pensions Regulator (TPR) has issued four escalating penalty notices carrying a daily fine of between £50 and £10,000 against businesses that have failed to comply with their auto-enrolment (AE) obligations.
Figures from the regulator also revealed a 20% quarter-on-quarter increase in the number of firms that have been issued fixed penalty notices of £400 from 166 to 198. The watchdog used its AE powers 446 times in the first three months of the year, with the total coming in at 1,962 since the legislation took effect in October 2012. By comparison, the watchdog had only used its powers 23 times up to June 2014. Separate figures from specialist firm Creative Auto Enrolment suggested almost one in ten businesses planned to ignore their AE duties. And managing director David White said h...
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