The implementation of Pensions Auto-Enrolment requirements across the UK is now pretty much complete, and we are less than a year away from the first planned increase in Auto-Enrolment minimum contributions (as we explored earlier this year in this post).
So it is perhaps unsurprising that The Pensions Regulator (TPR) last week announced that they are stepping up their enforcement action with a series of “spot checks” across the country to ensure that this legal requirement is being met by all UK employers. Details of the campaign to ensure compliance – as well as better understanding the needs and issues of employers in this regard – can be viewed on the TPR website via this link.
What this press release tells employers is that the need to continue to comply with this landmark legislation is not about to go away. Auto-Enrolment is now a reality of doing business in the UK – and employers need to embed these disciplines into their everyday HR and Payroll functions to ensure they remain compliant, particularly as the legislation is likely to evolve over the coming years.
Another Auto-Enrolment point worth again mentioning is the continuing need (and requirement) for employers to undertake an Automatic Re-Enrolment process every three years. This extra responsibility may be seen as rather onerous, but does present the sponsoring employer with a great opportunity to revisit their Auto-Enrolment decisions, and take corrective actions as necessary. We wrote on this topic last year, and that post can be read here.
For more information on any of the above, please speak to your usual Jelf Consultant in the first instance.
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