Firms who have yet to sign up staff to a new workplace pension scheme could find themselves hit by fines, independent South Wales chartered accountants WBV Ltd has warned.
The Pensions Regulator has already hit a number of businesses, which have failed to sign staff up to a scheme, with escalating fines.
Under current workplace pension rules, all employers with at least one member of staff have to undertake certain duties, including enrolling those who are eligible into a workplace pension scheme and contributing towards it.