Government to make mismanaging of pension funds a criminal offence

Amber Rudd will announce punitive measures for reckless behaviour in attempt to avoid scandals like BHS and CarillionMPs and pension experts have welcomed government plans to introduce lengthy jail sentences for fat cat executives who recklessly mismanage pension funds, in an effort to avoid future scandals like BHS or Carillion.Amber Rudd, the work and pensions secretary, said the current fines were not enough and that a new criminal offence would be introduced to punish “wilful or reckless behaviour” relating to a pension scheme, threatening unlimited fines and prison terms of...

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By: The Guardian - 6 days ago

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