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
  • January 2015
01

TPR to check employers to ensure pension duties in place

Open-access content Wednesday 6th January 2016 — updated 5.50pm, Wednesday 29th April 2020

Up to half a million small and micro employers must act this year to comply with auto-enrolment or risk a fine, the Pensions Regulator (TPR) has warned.

2


All of these employers have received letters from the regulator alerting them when their auto-enrolment duties start, and reminding them to act. 

TPR said smaller employers were more likely to "leave things to the last minute" and expected there would be late or non-compliance. 

Executive director for automatic enrolment Charles Counsell said: "We are concerned that a minority of smaller employers are leaving things too late and struggling to comply on time. 

"We are helping employers avoid this by alerting them in good time to their duties, and giving them the tools they need to meet them. Employers should start planning 12 months before their duties start, and make our website their first port of call."

TPR said employers should start planning by using the regulator's online duties checker which forms part of an online step by step by guide. 

The regulator acknowledges not all employers have staff who need to be put into a pension scheme, but these employers remain responsible for telling workers about automatic enrolment and completing a declaration of compliance. 

TPR also added employers should contact pension and software providers and business advisers "in good time".

There are currently 1.8 million small and micro employers that are required to automatically enrol their staff. 

This article appeared in our January 2015 issue of The Actuary.
Click here to view this issue
Filed in
01
Topics
Pensions

You might also like...

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

Latest Jobs

Catastrophe Modelling Analyst - London Market Broker

London, England
£40000 - £50000 per annum
Reference
145925

Senior Catastrophe Analyst

England, London
£65000 - £75000 per annum
Reference
145924

Life Actuary - Financial Reporting - Day Rate contract

Negotiable
Reference
145923
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