Fine for Swindon Town FC Auto Enrolment pension foul-up

Former Premier League side Swindon Town Football club are the latest business to be fined for ignoring auto enrolment rules. The club has been fined more than £20,000 after it ‘repeatedly’ failed to comply with its automatic enrolment duties, The Pensions Regulator has confirmed.

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The club, currently languishing near the bottom of the League 1 table, received fines from The Pensions Regulator worth a total of £22,900 after it failed to put eligible workers into a pension scheme or comply with other workplace pension duties.

Charles Counsell, executive director of automatic enrolment, said: “This case illustrates what can happen when an employer buries their head in the sand and disregards their duties. If things aren’t going well then talk to us, don’t ignore us.  “Failing to comply on time will not save you money. Not only do you risk a fine, you will also have to make back dated contributions.”

The Pensions Regulator’s press release went on to reiterate that deliberate non-compliance from any organisation ‘will not be tolerated’, before adding ‘employers should not ignore their duties. We will work with you to help you comply, but we will use our powers where appropriate’.

If you are a business owner and are worried about what Auto Enrolment rules mean for you and your company, come and speak to us at Logic Wealth Planning. Employers have a legal responsibility to set up an Auto Enrolment Scheme for their workforce and risk a substantial fine if they fail to meet this requirement.

We can help you through the whole process from understanding what you need to do to start with, right through to setting up the scheme for you and maintaining it.

 

Vouchedfor – May 2016