Frank Field demands answers over 'reckless' running of Carillion

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.

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Source: Guardian Transport

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