Watchdog Urges Employers Not To Neglect Pensions Duties
By Martin Croucher (August 27, 2021, 12:29 PM BST) -- The retirement savings regulator has warned businesses in Britain not to neglect their staff pension commitments even if they find themselves suffering financial hardship because of the COVID-19 pandemic.
Struggling companies should not "put their heads in the sand and wait for a fine" if they cannot pay staff pension contributions, The Pensions Regulator said. The watchdog urged them to work with the trustee of their retirement plan to find a solution.
The warning, sounded in a blog post on Thursday by Mel Charles, director of automatic enrollment at the watchdog, comes ahead of a full withdrawal of state support to...
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