PM to stop private sector ‘pension abuse’
The government will stop workers’ pensions being put at risk from “executives who try to line their own pockets”, the prime minister has said.
In the Observer, Theresa May said a government white paper would set out “tough new rules” for company bosses.
It comes as construction firm Carillion’s collapse could leave a pension scheme deficit of £900m, potentially affecting 27,500 workers.
She also defended using the private sector to complete public projects.
In her comment piece, Mrs May was quick to say that it would be Carillion shareholders, not taxpayers, “who pay the price for the company’s collapse”.
She said the government would not be writing the company’s directors a blank cheque, but would be “stepping in and supporting those affected”.