The recent confirmation that The Pensions Regulator has issued the first compliance notice against an employer for failing to register its pension scheme in accordance with the pensions auto-enrolment regulations.
Failure to comply with a compliance notice can lead to very substantial and escalating fines.
In addition, the regulator has opened 89 investigations into possible non-compliance with the regulations – which began being implemented in October 2012 and should be completed by 2018.
A further 38 informal warning letters have also been issued