The total number of employers fined for failing to comply with their workplace pensions duties reached 169 by the end of 2014, according to figures released by The Pensions Regulator
The total represents a small number compared to the tens of thousands of businesses which have now complied with their automatic enrolment duties.
A significant number of the notices issued in this period were to employers who had missed their deadline to submit their declaration.
The Pensions Regulator’s Director of automatic enrolment, Charles Counsell, said,
“My message to all employers is that failing to declare within five months of your staging date means you risk being fined, which is why we recommend you start your automatic enrolment planning and preparation 12 months before staging.”