Bosses Putting Pensions At Risk Face 7 Yrs Jail, Gov’t Says

Law360, London (February 11, 2019, 1:36 PM GMT) -- Directors who recklessly put their workers’ pensions at risk will face up to seven years in prison or an unlimited fine, the government said on Monday, as it presses ahead with plans to crack down on employers who abuse retirement schemes.

Secretary of State for Work and Pensions Amber Rudd said that wilfull or reckless behavior in connection with workplace pensions will become a criminal offense for the first time. (AP) The Department for Work and Pensions is introducing a new criminal offense for bosses who willfully or recklessly abuse their pensions duties. The penalties, which will be imposed by The Pensions...

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