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Posted on: May 29, 2018, 2:31 p.m.
The Association of Consulting Actuaries (ACA) has warned MPs that creating a criminal offence for directors who "recklessly" handle defined benefit pensions schemes would do little to deter unscrupulous managers. Following scandals with pension funds owned by companies including BHS, British Steel and Carillion, the Work and Pensions Committee set out a number of reforms to give The Pensions Regulator greater investigative and information gathering powers, as well as making it a criminal offence to commit "willfully or grossly reckless ... Full investment news articleRelevent to this post: University of Nebraska Foundation,