Consistent with informed trading, the underlying trades earn positive abnormal short- and long-term profits.
Moreover, the negative abnormal imbalances are larger in magnitude when backdating is likely a more severe issue.
If more than six weeks have passed since your client's duties start date before they set up a workplace pension scheme, they will need to take certain steps in line with their automatic enrolment duties.
Your client will need to pay any contributions that they should have made back to the date their member of staff met the age and earnings criteria to be put into a pension scheme.
If your client has missed their duties start date, they still need to work out what their automatic enrolment duties are, if they haven't already done so, and immediately comply with them.