#NEWS

23/11/2017

Manchester businesses among the first to be targeted by the Pensions Regulator

The move is part of a nationwide enforcement campaign to check that qualifying employees are being given the workplace pensions that they are entitled to.

 

The Regulator has stated that “Auto Enrolment is not an option, it’s the law. Where we find that employers are not complying with the law, we will use our powers to make them comply”, and they certainly have been!

 

Their published figures state that up to June 2017, they did so 75, 459 times, with some examples being Inspection Visits, Unpaid Contributions Notices and Escalating Penalty Notices. The names of companies that have not complied can now be published.

 

Following initial focus on Auto Enrolment at their staging date, HR Directors are now reviewing processes to ensure on-going compliance with the regulations, and also to see if there are more efficient and better value options available to their businesses.

 

Finch Employee Benefits can help companies to ensure that they are complying with the regulations by conducting an Automatic Enrolment Audit.

 

How an Automatic Enrolment Audit could help you:

 

  • It will give you the reassurance that your scheme and processes are fit for purpose
  • It will show you that everything is running smoothly, but if we do highlight areas that need attention, it is far better for you to discover them now than during a visit from the Regulator
  • The Regulator is more likely to respond positively to a company that has carried out an audit, identified non-compliance and has a clear plan in place to address the issues
  • With many companies now facing re-enrolment, an audit could ensure that past mistakes are uncovered now rather than repeated

 

We are experienced Auto-Enrolment auditors and Employee Benefits specialists. If you would like to find out more or arrange a free initial consultation, please contact:

 

David Vose, Employee Benefits Consultant, on 07860 803876 or email david.vose@finchib.co.uk