To ensure auto-enrolment (AE) remains a success, we’ve launched a hard-hitting new campaign warning employers not to hide from their pension duties.
Our new campaign calls on employers to ensure they are making the right contributions on behalf of their workers as part of their ongoing duties.
With a bold message that: "Good employers don’t hide from their workplace pension duties", we are sending a clear message that employers face enforcement action, including financial penalties, for failing to comply.
The campaign highlights that we monitor employers big and small, and across all sectors, to make sure staff receive the pensions they are due.
We recently carried out a series of compliance inspections of more than 20 large employers across the UK, with a total of nearly 1.5 million staff. The inspections were to check employers are complying fully with workplace pensions law.
While the employers we inspected remained committed to AE, we found a number of common errors in respect of calculating pensions contributions and communications to staff. So we are now alerting employers to ensure they do not skip important steps in complying with their ongoing duties.
We are also urging employers to ensure they comply with their re-enrolment responsibilities.
Re-enrolment is important because it gives staff who opted out a fresh opportunity to start saving.
The majority of employers do the right thing for their staff, however for the small minority that fail, we will take enforcement action where necessary to protect savers.
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