Bosses who play 'fast and loose' with pensions face seven years in prison

Fines of up to £1m

James Phillips
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Rudd: 'Acts of astonishing arrogance and abandon punished only with fines, barely denting bosses’ bank balances'
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Rudd: 'Acts of astonishing arrogance and abandon punished only with fines, barely denting bosses’ bank balances'

Company directors who deliberately or recklessly put their workers' pension funds at risk face seven years in prison under plans to crack down on "acts of astonishing arrogance and abandon".

Secretary of state for work and pensions Amber Rudd has said that those who engage in "wilful or reckless behaviour relating to pensions" will face the custodial sentence, or an unlimited fine, if found...

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