Automatic Enrolment: Regulator Issues First Penalties

The Pensions Regulator has issued its first fines to three employers for failing to meet their automatic enrolment obligations. This compares with 33,660 employers who have registered their compliance with the Regulator. Each of the three employers has been given a £400 fixed penalty notice and would have first received a compliance notice. The Regulator does have power to issue escalating penalties of up to £10,000 per day, so the use of the fixed penalty may indicate the breaches are...