TPR conducting spot checks on employers

The Pensions Regulator (TPR) announced it is carrying out compliance spot checks on some of the UK’s largest employers to ensure thousands of staff continue to receive the pensions they are due.

TPR revealed it is inspecting several large employers who were among the first required to comply with automatic enrolment when the roll-out started in 2012, and that the short notice inspections – which started in January this year – will continue in the coming months.

The compliance inspections followed a round of visits last spring to large employers to ensure they were complying correctly with their ongoing duties. TPR suggested it will use the information gathered from the inspections to identify any common themes and lessons to be learned.

Statutory inspections to check compliance are mandatory for employers and TPR indicated it would act if non-compliance was identified.

TPR director of automatic enrolment, Darren Ryder, commented: “Large employers led the way at the start of automatic enrolment by successfully meeting their new duties – and compliance soon became the norm for all employers.

“Compliance with the law remains high and these inspections help ensure that these employers are continuing to meet their on-going duties, including re-enrolment. Millions of staff depend on large employers to do the right thing so that they do not miss out on the pensions they are entitled to.”

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