Our latest compliance and enforcement bulletin shows the use of our powers has remained steady over the past six months.

The report shows the total number of powers used in respect of auto-enrolment between January and July 2021 is 58,303 compared to 77,032 in the previous six-month period.

The decrease represents a reduction in the number of employers due to complete their re-enrolment duties between January and June last year.

We are pleased that compliance has remained high, but we are not complacent. We continue to keep a close eye on employer behaviour to ensure staff do not miss out on the pensions they are due.

It is vital that employers enrol staff as soon as they start working for them and pay the correct pensions contributions, on time.

Employers should also ensure they meet their re-enrolment responsibilities which give workers who opted out a fresh opportunity to save.

Where savers are missing out, we will take action including issuing financial penalties.

We also continue to keep a close eye on the gig economy. We recently welcomed the news that Evri (formerly Hermes UK) is now taking steps to give its workers access to pensions saving.

We want to see all employers in the gig economy recognise and comply with their automatic enrolment duties promptly and voluntarily.

The gig economy is set to grow and it is only right that workers contributing to the economy have the opportunity to save for retirement.

Share Story: