The Pensions Regulator (TPR) has released its latest Compliance and Enforcement Bulletin outlining some interesting cases, as well as the authority TPR has used in relation to automatic pension enrolment and the employer duties associated with it.
The briefing warns that employers who ignore TPR penalties may drastically harm their reputation.
TPR is taking a strong stance against employers trying to avoid giving their employees the pension they are entitled to. The latest TPR tactic is to publically release details of those employers who have paid an Escalating Penalty Notice (EPN) but are still not complying with the rules. TPR also intends to publish details of employers who have not paid their EPN at all, and are therefore under court order.
Employer details to be released will include the business’s name, the amount of the penalty, and the initial half of the company’s postcode.