{"id":818,"date":"2015-06-15T12:49:08","date_gmt":"2015-06-15T12:49:08","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=818"},"modified":"2015-06-15T12:49:08","modified_gmt":"2015-06-15T12:49:08","slug":"fines-for-pension-auto-enrolment-non-compliance-are-set-to-surge","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/fines-for-pension-auto-enrolment-non-compliance-are-set-to-surge\/","title":{"rendered":"Fines for pension auto-enrolment non-compliance are set to surge"},"content":{"rendered":"<p>Recent industry reports have predicted that there will be a sharp rise in the number of escalating penalty notices being served by the Pensions Regulator over the next few months.<!--more--><\/p>\n<p>Escalating penalty notices, which apply daily, are issued to businesses that persistently fail to comply with their auto-enrolment staging date, and they can quickly add up to a significant amount.<\/p>\n<p>They are issued as a way of tackling SMEs, and other firms, that do not comply with their staging dates and pension auto-enrolment rules.<\/p>\n<p>Only four escalating penalty notices were issued in the last quarter; however, because 1,139 firms received a compliance notice, a reporting delay is said to be behind the low figure, and it is expected to rise in the report for the next quarter.<\/p>\n<p>According to a response made to a recent Freedom of Information request, out of the four companies served with escalating penalty notices, one large employer was charged \u00a35,000 per day, two medium-sized businesses were charged \u00a32,500 per day, and one small employer was billed \u00a3500 per day.<\/p>\n<p>Large employers are those with 250 or more people in their workforce, medium employers have 50 to 249 employees, and small employers have fewer than 50 people.<\/p>\n<p>Due to the fact that hundreds of thousands of employers are starting to reach their staging dates from now until 2016, experts have predicted that there will be a rush for them to source an experienced auto-enrolment supplier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent industry reports have predicted that there will be a sharp rise in the number of escalating penalty notices being served by the Pensions Regulator over the next few months.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/818"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=818"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/818\/revisions"}],"predecessor-version":[{"id":819,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/818\/revisions\/819"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}