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.
£5 a month for the first 3 months*
Join our growing community of forward thinking HR leaders and get unlimited access to the full archive, as well as exclusive reports, how-tos, deep dives, and video interviews.
* Billed via Credit/Debit card at £5 a month for the first 3 months, then £27.99 per month.
One time use only. New customers only. Offer expires 11:59AM Wednesday 5th April 2023.
One time use only. New customers only. Offer expires 11:59AM Wednesday 5th April 2023.
