UK. Britain’s pensions regulator ignored trustee requests on Carillion: lawmakers
Britain’s pensions regulator twice ignored requests from trustees of collapsed outsourcing firm Carillion (CLLN.L) to force the company to plug its pension deficit, lawmakers said on Tuesday.
The Pensions Regulator has come under fire for taking insufficient steps to protect pension scheme members of troubled companies, following the collapse of department store chain BHS in 2016.
Carillion collapsed on Jan. 15, with only 29 million pounds ($41 million) of cash left. It had pension liabilities of around 2.5 billion pounds, two parliamentary committees examining Carillion’s collapse said.
Read More: Reuters
