Helping to lighten the load on your Auto Enrolment Responsibilities
We appreciate that there can be a
lot of pressure on businesses to comply with this government directive, but
your membership with the NFFF and their special deal with the Carey group can
help take some of the burden away from your business.
Why has Auto
Enrolment been introduced?
It has long been recognised that
most people are not saving enough for retirement and as a result may not be
able to afford to live comfortably in their retirement on just the state
pension. As people are also living longer, there is increasing strain on the
State benefits system, so private pension provision is becoming increasingly
What are the
Since October 2012, employers have
been required by law to:
Automatically enrol all their
eligible employees not already in a good-quality pension scheme into a
Qualifying Workplace Pension Scheme (QWPS) within one month of becoming
Pay pension contributions for
every employee who does not opt out of the QWPS.
Every employee aged between 22
and the state retirement age must be enrolled into a work place pension,
provided their income exceeds £10,000 a year.
What happens if I don't comply?
There are certain legal duties you must meet for automatic enrolment. If
you don’t comply with your duties, The Pensions Regulator may take enforcement
- You, the employer, are
responsible for meeting your legal duties for automatic enrolment.
- If you don’t comply,
you may face enforcement action including compliance notices, and penalty
- If you comply late, you
are expected to pay back any missed contributions to put staff in the
position they would have been in if you had complied on time; this would
include backdating contributions to your staging date.
- If you don’t pay your
fine, this can be recovered through the courts.
If you are late meeting your duties
If you are late complying or think you might be, you should tell The
Pensions Regulator about it straight away.
You should aim to put all staff back in the position they would have been in if
you had complied on time.
For example, if you didn’t put a member of staff into a pension scheme
on your staging date when you should’ve done, you will need to:
- put them into a
pension scheme and treat your staging date as their automatic enrolment
- backdate contributions
so that your member of staff does not lose out
- give your staff member
the option to pay their own backdated contributions - they can choose
whether or not they want to do this.
How The Pensions Regulator can investigate non-compliance?
The Pensions Regulator has a range of powers for use in our
As well as requesting information from employers voluntarily, they are
able to issue formal notices asking for information and are able to carry out
inspections at the employer's premises. They will use the courts to carry out
investigations where necessary.
Investigations are conducted to the highest standards, ensuring they
regulate with fairness, transparency and
an NO OBLIGATION review, e-mail
or call 07789 358734.
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about our services.
Story By: Carey Pensions
Date : 05-04-2017
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