U.K.’s May Plans Tougher Take-Over Rules to Protect PensionsBy
Tories say deals could be blocked if pensions at risk
May weighs new crime of recklessly endangering pensions
Prime Minister Theresa May is set to impose new restrictions on company take-overs in the U.K. as part of a plan to protect workers’ pensions from “unscrupulous” bosses.
If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk, the party said.
“I am setting out our plans, if elected, to ensure the pensions of ordinary working people are protected against the actions of unscrupulous company bosses,” May said Saturday in an emailed statement. “Safeguarding pensions to ensure dignity in retirement is about security for families, and it’s another example of the choice in this election.”…
Leave a Reply
You must be logged in to post a comment.