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Press comment: The Pensions Regulator bares teeth over auto enrolment


If you are covering the TPR announcement today relating to employer breaches of auto-enrolment requirements, please see the following comment from Old Mutual Wealth retirement policy expert, Jon Greer: 

Jon Greer“Today’s news show The Pensions Regulator is willing to bare its teeth on auto enrolment. While the ‘Workie’ TV advertising has pursued a relatively light-hearted tone in drawing attention to employer auto-enrolment responsibilities, today the regulator showed it is willing to get tough on employers that don’t meet their obligations.

“This is a warning shot for companies that are delaying setting up a workplace pension for their staff.

“If you think you should be getting a pension, speak to your employer. The company has to pay in, and you receive tax-relief on any money you contribute, so if you aren’t getting the pension you’re entitled to you could be missing out.” 

For more information contact

Michael GlenisterOld Mutual Wealth020 7778 963807469

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £116.5 billion in customer investments (as at 30 June 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.