Under new measures such practices, which deliberately work against the consumer, are set to be made a criminal offence. His motives are moral and his point is hard to argue with. The same applies to moves to increase the culpability of directors in corporate manslaughter cases. However, the government needs to be aware it is not placing unrealistic burdens on directors.
Taken on their own, such new measures do not sound unreasonable. But added together they could add up to raft of responsibilities so wide and worrying that no-one wants to take them on. Many businesses are already having trouble finding people to fill top posts.
If the government makes becoming a director too dangerous, we shall suffer a further shortage of skilled captains of industry.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel