Reckless bosses ‘could be sent to jail’
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