Member Article

Comment on first auto-enrolment fines issued

Glynn Jones, Divisional Director, Group Savings & Investments, LEBC Group (LEBC) comments on the announcement from The Pensions Regulator that it has imposed fixed penalty fines of £400 on three employers for not meeting their duties.

“We are not surprised about these fines as we have been warning businesses they must meet their auto-enrolment obligations or face the consequences – simply they have no choice but to comply or pay the penalty.

“Unfortunately, a number of employers are still not engaging with their professional advisers to tackle their obligations. The Regulator has the powers to act and we have now seen it has imposed the first fines and more will follow if the warnings are ignored.”

LEBC has been on the auto-enrolment journey for almost three years and has developed an online solution ‘æComply’ for employers and/or their advisers to use.

This was posted in Bdaily's Members' News section by LEBC Group Ltd .