Hi all,
Umbrella is Sapphire, pension in NOW:Pensions
I specifically asked to be enrolled into the Workplace Pension Scheme before the 12 week auto-enrolment kicked in. First pension contribution was made on the 7th June. As of the 22nd August no contributions were showing in the Pension Providers web portal.
I asked them to investigate citing the Pension Regulator's legal requirement that all pension contributions be visible in the fund no later than the 22nd of the month after they were made (for electronic transfers).
NOW:Pensions have come back and said no contributions have been forwarded from the Umbrella despite them being taken along with 6% AVCs every week through Salary Sacrifice.
NOW:Pensions have now reported Sapphire to the Pensions Regulator for non-compliance, my question is this, what are my legal options regarding getting compensation for potential of lost growth from the Umbrella. (and yes, I am probably being a bit cheeky here, but at the end of the day, they're earning interest on my cash!)
Anyone had anything similar?
Thanks!
Nick
Umbrella is Sapphire, pension in NOW:Pensions
I specifically asked to be enrolled into the Workplace Pension Scheme before the 12 week auto-enrolment kicked in. First pension contribution was made on the 7th June. As of the 22nd August no contributions were showing in the Pension Providers web portal.
I asked them to investigate citing the Pension Regulator's legal requirement that all pension contributions be visible in the fund no later than the 22nd of the month after they were made (for electronic transfers).
NOW:Pensions have come back and said no contributions have been forwarded from the Umbrella despite them being taken along with 6% AVCs every week through Salary Sacrifice.
NOW:Pensions have now reported Sapphire to the Pensions Regulator for non-compliance, my question is this, what are my legal options regarding getting compensation for potential of lost growth from the Umbrella. (and yes, I am probably being a bit cheeky here, but at the end of the day, they're earning interest on my cash!)
Anyone had anything similar?
Thanks!
Nick
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