Bosses and employers who imperil workers’ pensions will face unlimited fines or jailtime under a proposed crackdown by the Government.
Moves to beef up sanctions follow the massive scandals involving BHS and Carillion, where savers ended up in the official pension lifeboat scheme, some with reduced payouts in retirement.
MPs have previously called for massive ‘nuclear deterrent’ penalties for firms that try to avoid pension responsibilities. while both the rescue scheme and the Pensions Regulator have asked for greater powers to combat bad behaviour. Tough sanctions: Bosses and employers who jeopardise workers’ pensions will face unlimited fines or jailtime Pensions Minister […]
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