TPR conducting compliance checks on large employers

The Pensions Regulator (TPR) is carrying out compliance spot checks on some of the UK’s largest employers that were among the first required to comply with auto-enrolment.

It said it was conducting the checks to ensure that thousands of savers continue to receive the pensions they are due.

The short notice inspections began last month (January 2020) and will continue in “the coming months”.

To date, banks, local authorities, supermarkets and national charities are amongst the large firms that have already been checked, covering nearly half a million employees.

Commenting, TPR director of automatic enrolment, Darren Ryder, said: “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 inspections follow a round of visits in spring 2019 to large employers to ensure they were complying with their auto-enrolment duties.

TPR said that it will use information gathered from the inspections to identify any common themes and “lessons to be learned”.

Inspections to check compliance are mandatory for employers and TPR stated that it will take action if non-compliance is identified.

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