The collapse of Carillion is devastating for its workers, but their pensions will be safeguarded by the official lifeboat scheme.
How does Pension Protection Fund work, and what will its current staff and pensioners get now the building and services contractor has gone into liquidation? Grim news for workers: Carillion held Government contracts across the health, education and transport sectors and employed around 20,000 people in the UK What will happen to Carillion pension savers?
Some of Carillion’s workforce belong to a modern auto-enrolment ‘defined contribution’ pension plan run by BlackRock. These staff save into individual pension pots wholly owned by […]
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