TPR cracks down on pension Scrooges

TPR cracks down on pension Scrooges

The number of employers in the UK facing action over failing to comply with their pension duties increased in Q3, the Pensions Regulator (TPR) has reported.

TPR issued unpaid contributions notices to 753 employers between July and September, an increase from 653 in Q2.

These employers must ensure that all backdated pension contributions are paid within 28 days or face further action.

Darren Ryder, director of automatic enrolment at TPR, said: “It is not enough to just comply with automatic [pension] enrolment laws by signing staff up to a scheme. Employers must also meet their duties to contribute into their employees’ pensions every month.”

Although 753 employers is less than 0.01 percent of the more than 800,000 complying with automatic enrolment laws in the UK, covering some 8.7 million workers in workplace pension schemes, “every employer which is failing to make payments into their staff’s pension pot is one too many”.

Ryder added: “We will not let employers get away with failing to meet their duties and we will take action.”

TPR is undertaking spot checks in Sussex, Surrey, Hampshire and Kent ahead of Christmas in a bid to improve compliance.

Inspection teams will visit more than 200 businesses in the weeks before Christmas to check that qualifying staff are being given the workplace pensions to which they are entitled.

The move is part of a nationwide enforcement campaign that began in London earlier this year.

Short-notice inspections have previously been carried out in Greater Manchester, Sheffield, Birmingham, Scotland and South Wales.

Categories: News, UK Pensions

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