The New Safeguards for Workers Under Pension Reforms

Unlike previous legislative changes, these Pension Reforms are mandatory and are being staged in for all employers from October 2012 through to 2018. All employers have an Automatic Enrolment responsibility to provide a Qualifying Workplace pension scheme and if this responsibility is not met, fixed penalties of between £400 and £2,500 per employee per day may apply. In addition, they may be imprisoned for a term of not exceeding 2 years.