T: 01332 380691
Ashgates - Accountants and Business Advisors based in Derby
  • Who We are
    • Reviews
    • Charity work >
      • 40 Something Challenge
    • Careers
    • Our Values
  • The Team
  • What we do
    • Accountancy Services >
      • Accounts
      • Audit
      • Bookkeeping, VAT & Management Accounts
      • Business Start-up Advice
      • Business Plans & Cashflow Forecasting
      • Company Secretarial
      • Payroll
      • Tax
    • Corporate Finance
    • Financial Services
    • HR Services
    • IT Services
    • Financial Software >
      • Sage
      • Xero
    • Sports Professionals
  • News
  • Contact
  • Resources
    • Spring Statement 2022
    • COVID-19 Hub
  • Who We are
    • Reviews
    • Charity work >
      • 40 Something Challenge
    • Careers
    • Our Values
  • The Team
  • What we do
    • Accountancy Services >
      • Accounts
      • Audit
      • Bookkeeping, VAT & Management Accounts
      • Business Start-up Advice
      • Business Plans & Cashflow Forecasting
      • Company Secretarial
      • Payroll
      • Tax
    • Corporate Finance
    • Financial Services
    • HR Services
    • IT Services
    • Financial Software >
      • Sage
      • Xero
    • Sports Professionals
  • News
  • Contact
  • Resources
    • Spring Statement 2022
    • COVID-19 Hub

Pensions Auto enrolment compliance

5/9/2017

 
The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to the TPR these inspections help them to understand any challenges employers are facing, and whether TPR need to make any changes to their guidance. This also enables them to identify employers who fail to meet their duties, and take enforcement action where necessary.​
TPR have confirmed that they will continue with their checks over the coming months generally sending a statutory notice to the employers they have selected ahead of their visits
Get the process right

TPR are concerned that some employers are not following the correct procedures and during the course of their inspections have seen a number of instances of employers agreeing to opt staff out of a workplace pension before they have been enrolled. This is not in accordance with the auto enrolment rules. According to TPR:

‘Some employers claimed they were unaware as to the formality of their duties or process they needed to follow, and had simply been trying to do their staff a favour by offering them the option of opting out up front. But whether their motivation was genuine, or whether they were simply trying to get out of paying their staff the pension contributions they were due, the result was the same – they were in breach of their legal duties. Eligible staff need to be enrolled first, and can then opt out. One of the cornerstones of automatic enrolment is capitalising on inertia, and it has proved very successful so far in helping people who might never have saved for retirement before.’
​

Please contact us for advice on auto enrolment.
Internet link: TPR Quarterly bulletin

Comments are closed.

    Archives

    June 2022
    May 2022
    March 2022
    January 2022
    December 2021
    October 2021
    September 2021
    July 2021
    June 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016

    RSS Feed


​Services

Accounts
Audit
Bookkeeping
Business Start-up & Advice
Business Plans & Cashflow Forecasting
Company Secretarial
Corporate Finance
Financial Services
HR Services
IT Services
Management Accounts
Payroll
Sage
Sports Professionals
Tax
Xero


​Company

Who We Are
Client Reviews
Charity Work
Careers
Team Ashgates
Leave us a Review
​Terms of Use
Privacy Notice
​
Staying COVID-19 Secure in 2020
Picture
Tweets by Ashgates

​Website build : Ashgates IT
​
© ASHGATES GROUP 2022. ​ALL RIGHTS RESERVED.
5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG