The Pension Regulator has announced that bus company Stotts Tours (Oldham) and its MD, Alan Stott, have admitted charges against them (16 in total, 8 each), which relate to their failure to auto-enrol staff into a company pension and pay contributions for them dating back to June 2015 (available here).
Sentencing is due on 14th December, with the Pension Regulator also pursuing the company for over £14,000 in civil fines (separate to any penalties imposed by the court) relating to their non-compliance.Nathan Long – Senior Pension Analyst at Hargreaves Lansdown
‘The news that the first employer is facing sentencing in mid-December for their part in denying staff the opportunity to save for retirement, should be a real wake up call to employers of all shapes and sizes. Whilst more than 20,000 employers have already been fined for not properly signing their staff up to a workplace pension, this is the first time criminal charges have been brought. Generally auto-enrolment has been embraced by employers, so it is good to see the regulator acting to punish those that have deliberately not complied.’