Right now, you are heading towards The Pension Regulator’s list of non-compliant firms. There is a clear process and immediate fines for businesses that are operating illegally.
If you receive a letter – here’s what you’re in for:
A fixed penalty notice of £400 for a breach of the law
Further escalating penalty notices with a prescribed daily rate of £50 to £10,000, depending on the size of your business
High workplace pension scheme implementation fees of £5,000+, as you require immediate and urgent help
Dear Principal,
Don’t worry. You probably still have time to stop this from happening to you. We are helping dozens of clients every week to ensure they get a scheme in place and avoid having their business disrupted with fines and personal stress.
You might have good intentions to get a scheme implemented, but you just haven’t got around to it. In reality, that means you could be operating on the fringes of the law right now and could soon be liable to penalty notices.
Don’t panic yet. There is still time. As of today, we have a team who have the capacity to get you set up right away, but as the 1,000,000+ businesses in the UK have yet to implement a scheme, this will soon get swallowed up. When this happens, it is probable that fees will soar across the market.
In less than 5 minutes, we can let you know what needs to be done and when.
Either way, you need to do something about this.
Not tomorrow.
Not next week.
Call 0330 088 11 56. Leo will assess your situation. It will take about 5 minutes.
Andy Acton
P.S. The worst possible outcome is you get fined, your employees see you as someone who swindled them out of money due to them, some staff leave, and your practice performance suffers as a result of the disruption.
To date, over a thousand compliance notices have been issued. Is one going to come through your letterbox soon?
Back to Latest Articles
Find out how much your practice is worth from an expert.
Book Your Free Valuation
A confidential valuation allows you to understand your options without pressure. No staff, no patients, and no buyers need to know. You gain clarity, reassurance, and the confidence to decide what feels right, entirely on your terms.
