‘Stop pension schemes abuse’

BRITISH Prime Minister Theresa May said she would clamp down on bosses who try to “line their own pockets” while not protecting workers’ pensions, after the collapse of outsourcer Carillion with a £900-million hole in its pension scheme.

Writing in Sunday’s Observer newspaper, the prime minister said private companies could help deliver better public services, but the system needed to be rebalanced in favour of ordinary working people.

“In the spring, we will set out tough new rules for executives who try to line their own pockets by putting their workers’ pensions at risk, an acceptable abuse that we will end,” she said.