One in ten firms plan to ignore AE as TPR issues first daily fines of up to £10,000

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The Pensions Regulator (TPR) has issued four escalating penalty notices carrying a daily fine of between £50 and £10,000 against businesses that have failed to comply with their auto-enrolment (AE) obligations.

The action is the first time the daily penalties have been instigated and are seen as an escalation to the penalty process. But industry experts have called for the watchdog to provide more insi...

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