Pensions white paper to be announced this week - reports

Pensions neglect to be criminal offence

clock • 2 min read

A new criminal offence of neglecting pension responsibilities will be announced in a pensions white paper this week, the prime minister has confirmed.

Reports in both The Telegraph and The Observer said Theresa May has pledged the tough new measures would safeguard staff from "irresponsible" executives who risk their workers' future financial security without fear of the consequences. Announcing the proposals, May said it was "absolutely vital" that people who worked hard and contributed to society throughout their career should have "confidence" that their pension would be secure in retirement. "I am committed to making sure our economy works for everyone - backing businesses to create good jobs but stepping in to make sure they pl...

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