Ignorance of Auto enrolment is no defence as the Pensions Regulator issues more fines for non-compliance to small firms.
Over the three months to September, the latest period for which data is available, the Pension Regulator issued 469 compliance notices to employers that failed to meet their auto-enrolment duties on time, a fourfold increase on the previous quarter, when just 119 companies were censured. Worse, 107 companies were issued with fixed penalty notices requiring them to pay £400, while two employers received escalating penalty notices. These carry a daily fine of between £50 and £10,000, with the penalty adding up each day that the employer continues to fail to comply with the auto-enrolment regulation. Small businesses should not expect much sympathy from the watchdog.