Pensions | 'Reckless' bosses who mismanage pensions to face lengthy jail terms

The government is planning to introduce lengthy jail sentences for executives who recklessly mismanage pension funds – The Guardian reports.

Work and Pensions Secretary Amber Rudd recently explained that a new criminal offence would be introduced to punish “wilful or reckless behaviour” relating to a pension scheme, with unlimited fines and prison terms of up to seven years becoming potential punishments for the worst offenders.