Parliament: Measures Show and Incomes

parliament: She will tell parliament on Monday that the new measures show that the Conservative government is on the side of workers saving for retirement and that we will protect their incomes from reckless behaviour . More than 10 million people are now enrolled in workplace pension schemes, according to The Guardian. Rudd, a former JP Morgan banker and business executive, said For too long the reckless few playing fast and loose with people's futures have got away scot-free. Amber Rudd, the work and pensions secretary, said the current fines were not enough and that a new criminal offence would be introduced to punish wilful or reckless behaviour relating to a pension scheme, threatening unlimited fines and prison terms of up to seven years for the worst offenders. Acts of astonishing arrogance and abandon punished only with fines, barely denting bosses' bank balances. That cannot be right, which is why, for the first time, we're going to make wilful or reckless behaviour relating to pensions a criminal offence. Meanwhile, workers who have done the right thing and saved for retirement, confident their investments were safe, are left facing a leaner later life. (news.financializer.com). As reported in the news.