Carillion announced its first profit warning on 10 July 2017. At the time, I was scheme secretary to a board of 16 trustee directors and a company-appointed trustee of a trust-based defined contribution (DC) plan. Although it would be a further six months before the company was placed in liquidation, it was at this point that the nature of my work changed to almost daily liaison with The Pensions Regulator (TPR), appointing additional advisers and responding to concerns and queries from scheme members.
Some of the things that need to be considered at this stage are:
- ascertaining whether you have enough support – and whether there is extra resource that can be made available, potentially at short notice. External help should be sought w…
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