The Pensions Regulator has published its strategy for tackling non-compliance with the forthcoming changes to pensions law, which will see certain workers auto-enrolled into a pension scheme.
For large employers, the new duties come into force on 1 October 2012, with all employers obliged to comply by 2017.
The chief executive of The Pensions Regulator, Bill Galvin, said: “Every employer needs to play their part to make these pension reforms work, and our goal is to make that task as straightforward as possible.
“For those that do not engage, however, we want to make it clear there are consequences. We’ll apply the law fairly and where we find consistent or wilful non-compliance we will use our powers, so that employees do not miss out on contributions they are due.”
The Pensions Regulator will have the power to fine employers as much as £10,000 per day for breaches of their auto-enrolment duties.
The Regulator also launched letter templates to help employers fulfil legal obligations to write to their employees.