The Pension Regulator’s own research shows that the majority of employers who have completed the automatic enrolment process regret not having allowed more time.
Their experience to date shows that employers should begin gathering the information they need to complete their declaration of compliance well in advance of their deadline.
It is a legal requirement to fill in and submit a declaration of compliance to The Pensions Regulator (using a secure online service through Government Gateway). Employers can go to The Pensions Regulator’s website to download an auto enrolment online registration checklist (PDF). Useful for employers and their advisers in order to have all necessary information ready before submitting online to the regulator.
If you have any questions at all regarding the auto enrolment process for your company please call Colin Giffen, head of our Auto Enrolment Team, on 0141 352 7800 or 07710 498 258. He will be delighted to help.
The Pensions Regulator’s Director of automatic enrolment, Charles Counsell said,
“My message to all employers is that failing to declare within five months of your staging date means you risk being fined, which is why we recommend you start your automatic enrolment planning and preparation 12 months before staging. It appears some medium employers waited for a prompt from the regulator before completing their automatic enrolment duties. Employers must complete all their duties including making their declaration of compliance to The Pensions Regulator. With the mass market roll out of automatic enrolment to large numbers of small businesses in the coming months, we expect to see an increase in how often we need to use our powers. The vast majority of employers complete their duties on or ahead of time, but we are seeing a small minority that require the additional nudge of a notice from The Pensions Regulator.”
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