Frank Field demands answers over 'reckless' running of Carillion
Regulators and pension schemes under scrutiny from MPs investigating £900m deficit
A committee of MPs has demanded answers from the trustees of Carillion’s pension scheme and regulators as it opened an investigation into how the company collapsed, leaving behind a retirement scheme with a deficit set to hit £900m.
Frank Field MP, who chairs the work and pensions select committee, said the company’s implosion “begs questions across government” and promised to take evidence from directors and Carillion’s auditor KPMG.
Source: Guardian Transport