High street footwear firm Johnsons Shoes Company has had to pay a £40,000 fine after failing to engage with its automatic enrolment (AE) duties.
The shoe firm was initially issued with a £400 fixed penalty notice from The Pensions Regulator (TPR) after it failed to comply with the law on the automatic enrolment of its staff into a workplace pension scheme. This required checking whether its staff qualified to be put into a workplace pension scheme and confirming to TPR that it had done so. Johnsons paid the £400 fine but still did not become compliant, TPR said in statement, adding: "Despite repeated reminders - and being warned it would face a new fine that would increase by £2,500 per day if it did not meet its responsibilit...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes