LONDON (Reuters) – Employers who mismanage workers’ pensions pots will face up to seven years in jail or unlimited fines, British pensions minister Amber Rudd said on Sunday, announcing a beefed-up response to a series of high profile corporate failures.
Britain has been promising to introduce tougher laws governing the management of pensions for more than a year following the collapse of firms like outsourcer Carillion and department store chain BHS.
Ministers - Term - Years - Jail - Rudd
Ministers have previously suggested a maximum term of two years in jail, but Rudd...
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