3. Look on the Internet to find out some of the facts on the collapse of BHS or Carillion.

What implications have they had for jobs, pensions and the Pensions Protection Fund? In the context of endangering pension funds, does a disgraced tycoon deserve to keep his title? More than 10 million people are enrolled in pension schemes at work but their trust in the ability to save for retirement needs to be better protected. In February 2019 when Amber Rudd was Work and Pensions Secretary, she stated that current sanctions were not enough to ensure the proper protection of workers’ pensions. She introduced her intention to punish ‘wilful and reckless behaviour’ regarding pension schemes with unlimited fines and prison terms of up to seven years for the worst offenders.