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Pension fund mismanagement leads to jail time

Amber Rudd

Executive Grapevine | Executive Grapevine International Ltd

Pension fund mismanagement leads to jail time

The government is planning to introduce lengthy jail sentences for executives who recklessly mismanage pension funds – The Guardian reports.

Work and Pensions Secretary Amber Rudd recently explained that a new criminal offence would be introduced to punish “wilful or reckless behaviour” relating to a pension scheme, with unlimited fines and prison terms of up to seven years becoming potential punishments for the worst offenders.

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