Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • April 2014
04

TPR issues first auto-enrolment non-compliance report

Open-access content Thursday 24th April 2014 — updated 5.13pm, Wednesday 29th April 2020

The Pensions Regulator today published its first auto-enrolment section 89 report, warning employers struggling to meet their auto-enrolment duties to raise the issue with them sooner rather than later.

The report sets out problems experienced by Dunelm Soft Furnishing Ltd and the action taken by the regulator. The company's staging date was April 2013, but it did not stage until August. It also failed to update the TPR with a progress report in July, as all companies are required to do.

Several breaches were highlighted: the company failed to enrol members of the four-weekly payroll on time and failed to enrol certain members of the monthly payroll on time. These breaches occurred due to the company having staffing issues and problems with its payroll system, TPR noted.

Subsequently, Dunelm paid outstanding contributions into the pension scheme of approximately £108,000, TPR said. The company is now fully compliant with its auto-enrolment duties.

TPR said employers should start planning for auto-enrolment 12 months ahead of their staging date. Drawing lessons from the Dunelm case, TPR said companies must have sound corporate governance and test their payroll systems.

Charles Counsell, TPR executive director for automatic enrolment, said he would urge all employers to take heed from the lessons learned here so that they avoid the same pitfalls.

'This section 89 report shows that we will use the powers we have been given to take enforcement action where it is appropriate to do so.'

A Dunelm spokesman said: '[The company] has been open, forthcoming and fully co-operative with the regulator whilst we endeavoured to address these issues as quickly as possible.

'The regulator has confirmed that we are now fully compliant with our automatic enrolment duties. We have also reviewed our internal systems to ensure these issues do not happen again.'

This article appeared in our April 2014 issue of The Actuary.
Click here to view this issue
Filed in
04
Topics
Pensions

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Manager - Employee Benefits

£2958.18 - £3549.82 per month
Reference
145973

Manager - Employee Benefits

£2958.18 - £3549.82 per month
Reference
145972

Portfolio Management/Business Planning Actuary

London (Central)
£100000 - £125000 per annum
Reference
145971
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ