The Pensions Regulator is conducting spot checks among the UK’s largest employers to ensure they are meeting their auto-enrolment obligations.
This includes banks, local authorities, supermarkets and national charities.
These short-notice inspections, which started last month, will focus on companies who were the first to comply with AE rules. Between them these larger employers provide pension for almost half a million employees.
TPR director of automatic enrolment Darren Ryder says: “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.”
The compliance inspections follow a round of visits last spring to large employers to ensure they are complying correctly with their on-going duties.
TPR says it will use 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 confirmed it will take action if non-compliance is identified.
The post TPR conducts AE spot checks at large employers appeared first on Corporate Adviser.
