U.K. outlines legislation to rein in pension plan abuses
[ad_1] In efforts to protect £1.5 trillion ($1.9 trillion) in savings held by private pension plans, proposed legislation will allow the The Pensions Regulator to tackle irresponsible fund management by setting funding standards for troubled pension funds and utilizing criminal sanctions to punish executives for risky decisions. The Pension Schemes Bill, outlined Monday in the…