Bosses who ‘abuse pension funds’ are in May’s manifesto sights

“UNSCRUPULOUS” fat cats are in Theresa May’s Tory manifesto sights.

The PM pledged last night to clamp down on “business owners who abuse pension funds and put them at risk, sometimes for their own lavish enrichment.”

She said such shady figures are “entirely in the wrong” and hurt employees who have “saved diligently through their life, often foregoing luxuries and holidays abroad.”

The manifesto vows to beef up regulators and the Pension Protection Fund from and “increase the punishment for those caught mismanaging pension schemes.”

Theresa May’s manifesto also sets out measures to tackle massive boss pay sometimes up to 128 times that of the lowest paid within organisations.

The manifesto states: “The next Conservative government will legislate to make executive pay packages subject to strict annual votes by shareholders and listed companies will have to publish the ratio of executive pay to broader UK workforce pay.”

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