It was easy to predict.
In the last 3 months of 2014 The Pensions Regulator has issued 1,139 Compliance Notices to Firms failing to set up their Workplace Pension Scheme on time.
For 166 Firms the situation was even worse still. They have been fined by The Pensions Regulator.
Too many Directors of medium and small firms are not yet tuned in to the fact that Auto Enrolment is compulsory. The government’s message has been lost.
Unfortunately this situation looks set to get worse still in the short term.
Fines will only increase.