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AWD Chase de Vere in Basingstoke warn SMEs about Auto Enrolment rules or they could face hefty fines
BASING View-based independent financial advisors AWD Chase de Vere is concerned over the ability of SMEs to comply with Auto Enrolment rules and face hefty penalties.
Jon Dixon, corporate advice manager, said: “Compliance with Auto Enrolment rules sits squarely with employers and there will be no ducking of their responsibilities as The Pensions Regulator will ensure workers are able to access suitable pension arrangements.
“With the clock ticking, unless they take action, many SME firms could unwittingly be drifting toward non-compliance and painful financial penalties.”