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.



Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

Latest News

Child Benefit penalties under review
06/11/2018 - More...
The High Income Child Benefit

VAT reverse charge construction industry
06/11/2018 - More...
A change to the VAT rules

Business rates support for the High Street
06/11/2018 - More...
The Chancellor announced a

Search News


Membership