Pensions riskers to face jail
Rogue bosses who risk workers’ pensions face being jailed for up to two years under plans to criminalise unscrupulous business activities.
A new package of measures will help protect staff by cracking down on the “irresponsible few” at the top of companies, the UK Government said.
It comes after the collapse of BHS in 2016 with a £571 million deficit in its pot for 19,000 pension holders.
Work and Pensions Secretary Esther Mcvey said: “We will clamp down on and – where appropriate – punish directors who wilfully or recklessly put pension schemes at risk.”