Reck­less bosses ‘could be sent to jail’

Daily Express - - NEWS - By Ge­orge Ryan

BUSI­NESS own­ers who “plun­der pen­sion pots” could face jail un­der pro­pos­als an­nounced by theWork and Pen­sions Sec­re­tary.

Therese Cof­fey told the Con­ser­va­tive Party’s an­nual con­fer­ence in Manch­ester that the Govern­ment wants to “put peo­ple in con­trol of their pen­sion pots”.

“That’s why we are en­sur­ing the de­liv­ery of pen­sions dash­boards so that peo­ple can see their sav­ings on­line and in one place,” she said.

“We will take pow­ers so we can send reck­less busi­ness own­ers to jail if they plun­der pen­sion pots.”

She said min­is­ters will “make good” on com­mit­ments to de­liver a new pen­sion fund for Royal Mail work­ers. She also

an­nounced that a new app aimed at help­ing young peo­ple find work is to be tri­alled as part of a multi-mil­lion pound em­ploy­ment ini­tia­tive.

She said dis­ad­van­taged young peo­ple would re­ceive ex­tra sup­port to find work un­der the pro­gramme.

Job apps will be used to pro­vide per­son­alised skills sup­port to help job­seek­ers, the min­is­ter said.

The move will see £2.8mil­lion in­vested in pro­vid­ing apps to rec­om­mend the best jobs and skills train­ing to those seek­ing em­ploy­ment and peo­ple who are look­ing to find bet­ter po­si­tions.

Sup­port... Ms Cof­fey yes­ter­day

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