UK. Carillion collapse: will pensions still be paid?
Debt laden construction firm Carillion has fallen into liquidation after it failed to reach an agreement with creditors during crisis talks over the weekend.
In addition to debts approaching £1bn, the company has an enormous pension deficit. What does that mean for members of its staff pension schemes?
Carillion operates 13 “final salary” pension schemes in the UK, with around 28,500 members, more than 12,000 of whom are already claiming a pension.
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