New automatic enrolment thresholds for the year 2014/2015 have been approved by both Houses of Parliament. These apply from 6 April 2014:
- GBP 10,000 for the automatic enrolment earnings trigger;
- GBP 5,772 for the lower limit of the qualifying earnings band;
- GBP 41,865 for the upper limit of the qualifying earnings band.
In addition, further details have emerged regarding the number and type of investigations launched by the Pensions Regulator (the "Regulator") into employers who are suspected of having breached their auto-enrolment duties. The information came to light as a result of a freedom of information request.
The Regulator has investigated 590 potential breaches since the auto-enrolment duties began to be rolled out in October 2012 and has issued four compliance notices in relation to employers' auto-enrolment duties. The information released by the Regulator also showed that it has taken a number of other steps in respect of employers which fall short of a compliance notice, including instructions to companies which are at risk of non-compliance and warning letters for more minor suspected breaches.
Employers should be aware that the Regulator remains vigilant and continues actively to pursue employers which it suspects are failing to comply with their auto-enrolment duties.