Spot checks are to be carried out on employers by The Pensions Regulator to make sure they are complying with their workplace pensions duties. The inspections are part of the TPR“s ongoing enforcement activity to ensure employers are meeting their duties correctly.
Visits will be carried out on those employers that TPR judges to be at risk of failing to meet their duties. As well as providing valuable insight into employer behaviour, the spot checks are to investigate any non-compliance, help employers get back on track or take enforcement action where necessary.
Employers are given a short period of notice before the inspection and will be selected from a range of business sectors including those at risk of failing to meet their duties.
Comment: These spot check inspections serve as a strong reminder to employers that they cannot ignore the workplace pension and that deliberate non-compliance will not be tolerated by the TPR.
Employers MUST set up their auto-enrolment pension scheme by their staging date BUT YOU ARE ADVISED TO START PREPARING AND GATHERING ALL THE INFORMATION YOU WILL REQUIRE TO DO SO, WELL IN ADVANCE.
If you want any help with your compliance obligations please just get in touch – we can help you get set up for a small fee - which will be a lot less costly than the fines and bad PR against you if you don’t! Click here