May pledges to fine company bosses if they endanger staff pension funds

New criminal offence of neglecting pension responsibilities to be announced this week

Rogue bosses will face fines or prosecution for putting the pensions of their workers at risk under new laws to be unveiled by the government.

Ministers will confirm this week that they will target reckless employers with new rules designed to protect pension pots when companies go under. There will also be measures designed to target directors who are guilty of mismanagement.

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