01872 271947 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Register for our Newsletter

Pensions Regulator to seize assets

Source: Pensions Regulator | | 13/05/2018

The Pensions Regulator (TPR) has announced that employers who refuse to pay workplace pension fines could have their assets seized to pay their debts.

TPR can issue fines to employers who fail to meet their automatic enrolment duties and can secure court orders if the debts are not then paid. TPR is to now appoint High Court Enforcement Officers (HCEOs) to enforce court orders in England and Wales, and the equivalent in Scotland and Northern Ireland, on those employers who have refused or failed to comply. If an employer does not pay their debts, HCEOs could visit the employer’s business premises to seize and remove items to sell, up to the value of the amount owed. This could include the employer’s company vehicles. Unlike bailiffs, HCEOs have the power to force entry to locked commercial premises to seize assets.

TPR has never needed to use HCEOs before. The intention is to only use them on those rare occasions when, without good excuse, an employer has failed or refused to pay a fine imposed by TPR and after which TPR has subsequently obtained a court order for the amount owed.

Separately, TPR will consider whether it should prosecute employers that remain non-compliant with their automatic enrolment duties despite being given a court order demanding they pay the fines they have incurred.



Latest News

Low emission lorries to pay lower levies
17/07/2018 - More...
The government has confirmed plans to...

New points-based late filing penalties
17/07/2018 - More...
The Finance Bill 2018-19 draft...

HMRC security deposit regime to be extended
17/07/2018 - More...
The security deposit legislation is to...