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Illegal pension investments risk criminal prosecutions, UK regulator warns

( March 14, 2023, 12:51 GMT | Official Statement) -- MLex Summary: Breaches of rules that prevent employers from using UK pension scheme funds for investments risk criminal prosecution, The Pensions Regulator has said in new guidance. Under the regime, no more than 5 percent of pension assets may be invested by the employer and no assets may be loaned to the employer. Erica Carroll, Director of Enforcement at TPR, said: “Trustees should be in no doubt that where we see savers’ funds being illegally invested, we will take firm action, which could result in a prison term.”Statement below and guidance attached. ...

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