U.K.'s May Plans Tougher Take-Over Rules to Protect Pensions
- Tories say deals could be blocked if pensions at risk
- May weighs new crime of recklessly endangering pensions
This article is for subscribers only.
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.