Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
The powers, confirmed in a white paper published by the Department for Work and Pensions (DWP) today, could also see company directors disqualified, with the watchdog using strengthened anti-avoidance...
'Managed separation update'
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Regulator has stepped in