It's five years since automatic enrolment in workplace pensions was introduced by the Government. According to The Pensions Regulator (TPR), by the end of March 2017 over 500,000 employers had complied with their duty to enrol employees, meaning more than 7.6 million workers are now saving for their retirement under the automatic enrolment scheme.
But while the vast majority of employers are on board, TPR has issued many penalty notices and fines to those who've failed to meet deadlines. September saw the first prosecution of a company for deliberately not putting its staff into a workplace pension. Stotts Tours, a bus company in Oldham, was charged with failing to comply with the law, and managing director, Alan Stott, is accused of 'either consenting or conniving in the bus company's offence.'
If you're an employer in the Kent area who's yet to comply and your deadline is looming, stories such as these will no doubt be unsettling. Now is the time to act: it's imperative