Employers are being warned to ensure they are complying with their ongoing automatic enrolment duties by the Pensions Regulator (TPR).
The warning follows a series of in-depth compliance inspections of more than 20 large employers across the UK, with a total of nearly 1.5 million employees.
Employers are being warned to ensure they do not skip important steps in complying with their ongoing duties and to consult TPR’s online information.
While the inspected firms successfully enrolled eligible staff members into a pension scheme and made contributions, administrative errors with their ongoing pensions duties put employees at risk of not receiving the pensions they are due.
TPR‘s Director of Automatic Enrolment, Mel Charles, said: ‘The vast majority of employers are successfully meeting their automatic enrolment duties, however administrative mistakes can put staff at risk of missing out on their pensions and employers at risk of unintended non-compliance.
‘While the errors we have found are technical in nature, these types of oversights can indicate broader non-compliance issues.
‘Correcting these mistakes can be costly for employers because as well as needing to make backdated payments for staff receiving incorrect contributions, they can also lead to a financial penalty.’
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