Cornish accountancy firm Robinson Reed Layton, based in Truro, is urging local businesses to respond to recent advice from The Pensions Regulator regarding auto enrolment.
The Pension Regulator previously advised that businesses would receive their first communications in two stages; 12 months and then three months prior to their auto enrolment staging date.
However, in a new bid to ensure businesses are ready for auto enrolment, The Pensions Regulator has stepped up its communication and will be sending letters in the coming months to all small and micro businesses asking for a nominated point of contact to ensure they don’t miss out on vital information.
Stephen Gainey, partner at Robinson Reed Layton, said: “We are encouraging clients who receive letters from The Pensions Regulator to act quickly and respond to the letters.
“We have had concerns over the lack of communication from The Pensions Regulator and so welcome this new direct communication to businesses across Cornwall.
“We do understand clients’ concerns about the tone of the letters which has caused alarm, as, it states in bold type, ‘If you fail to comply with your duties you may be fined and/or prosecuted’.
“However, we support the idea behind the initiative and advise businesses to start planning as soon as they can to ensure they meet their staging date.”