The Pensions Regulator is carrying out compliance spot checks on some of the UK’s largest employers, which were among the first required to comply with auto-enrolment in 2012.
The short notice inspections, which started in January this year, will continue in the coming months, the watchdog announced on Wednesday (January 5).
So far, several large firms including banks, local authorities, supermarkets and national charities have been visited to check they are still doing the right thing for nearly half a million employees, the regulator stated.
According to Darren Ryder, TPR’s director of automatic enrolment, “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”.
He added: "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 compliance inspections follow a round of visits last spring to large employers to ensure they are complying with their ongoing duties, TPR stated.
The watchdog will use the information gathered to identify any common themes and lessons to be learned, it added.
maria.espadinha@ft.com
What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.
