The Pensions Regulator has begun prosecuting those who refuse to supply them with information
The Pensions Regulator (TPR) will not hesitate to prosecute companies or individuals if they do not supply them with information that they have requested.
The information they are requesting is fundamental in their ongoing investigations and will ultimately protect those saving into a workplace pension. One individual that was found guilty of this offence was ordered to pay a £2,500 fine, £4,000 costs and a £120 victim surcharge.
It is important to be aware that employers have numerous automatic enrolment (AE) duties, all of which must be completed in order to ensure compliance with TPR and ultimately to avoid a hefty fine from them. To ensure compliance with all the tedious tasks involved with AE, TPR has recommended that employers use a free or low cost payroll software that can help with auto enrolment.
BrightPay is a user friendly payroll and auto enrolment software that automates many of the auto enrolment tasks. The assessment of employees is done automatically based on the information already entered into BrightPay. Flags will appear alerting the user that there are auto enrolment duties that need to be performed for employees depending on their eligibility. Communications are automatically customised to each individual employee and can be emailed or printed off at the click of a button.
For a more in-depth look at the way BrightPay automates the duties involved with auto enrolment, you can book an online demo today. BrightPay also offers a 60 day free trial, meaning you can download the software and start streamlining your auto enrolment duties straight away.
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Written by Cailín Reilly | BrightPay Payroll Software