Carillions 27,500 member pension scheme was placed on a risk list by UK authorities in autumn last year, as the troubled construction company was still being awarded government contracts.
Carillion entered insolvency on Monday with the Pension Protection Fund, the industry scheme that pays compensation to pension plan members if a company collapses, preparing to take a £800m-£900m hit from absorbing the groups 13 retirement funds.
Alan Rubenstein, chief executive of the PPF, said the Carillion scheme had been on the radar for some time but concerns escalated in the second half of last year.
We and the Pension Regula…
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