Property News · January 17, 2018

After Carillion how many firms can the pensions lifeboat rescue?


The Pension Protection Fund can absorb the firm’s liabilities but the spotlight is now on others with big pension deficitsThe pensions lifeboat that comes to the rescue when firms go bust is about to get a lot more crowded following the collapse of Carillion.The sprawling construction and outsourcing firm had a pension deficit of £580m but is now likely to rise to at least £800m because it no longer has a solvent business standing alongside it. The company’s crash into liquidation has thrown the spotlight on other firms with huge pension scheme deficits such as IAG, BT and BAE. Continue reading…

Source : theguardian.com
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