Accounting News

Workplace Pension Fine

Football club fined for not complying with auto enrolment duties

Wednesday 4 May, 2016

Make sure your company is prepared for workplace pensions as the Pension Regulator has announced that Swindon Town Football Company Limited (STFC) has received fines worth £22,900 because it failed to comply with its workplace pension duties on time, as it had not put eligible workers into a pension scheme.

Chris Wallace, Managing Director at Visionary Accountants’, St Albans, said: ‘Swindon Town Football Company is another example of a high profile company that has failed to set up workplace pensions before their staging date, and consequently has been fined by The Pensions Regulator.  Employers should make sure they prepare for auto enrolment in good time, we recommend companies start preparations at least twelve months before their staging date.  Although smaller companies are now auto enrolling they still have to address the same issues as larger companies so often the process takes just as long.   We’re currently dealing with many workplace pension projects for our St Albans clients, if you need advice to get you started please call us on 01727 730550, or visit our dedicated workplace pensions website at

Chris Wallace has successfully presented the accountancy perspective on auto enrolment & workplace pensions at the Money Marketing Auto Enrolment LIVE Conference in February 2015.  In May 2015 Visionary Accountants’ were chosen as the accountancy case study for NEST, (National Employment Savings Trust), and in November 2015 Chris Wallace was on the panel of experts discussing workplace pensions at the AccountingWEB Webinar.

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