Pension query from employee....not sure how to respond

[HarrogateMum]

My employer moved various sub companies onto one payroll this month but whilst doing so forgot to pay the pension contributions for those that were entitled to it under TUPE.

One employee has asked what provision we are making for the fact that the stock market is rising and we are planning to just double up on what we take from them next month.....

I have not a clue how to respond to this - any thoughts HR / financial peeps?

are you asking in relation to the missing payments? does the employee know about this?

re the stock market i'd have thought decisions like that would be down to the pension trustees.

The pension fun trustees should know what amount of contributions was expected and when it would have been invested and in what holdings in the pension portfolio.

They will be able to work out how much they would have made on the investent portfolio between the time they should have received the contributions and the time that they acually do receive it.

The problem is a lot of firms have the company directors as some of the trustees so you do need an independent trustee to check for you or an outsder auditor.

Contact the trustees and explain the problem. They are by law required to respond and act in your interests not their own or the firm's interests.

brill advice, many thanks guys.