Labour sets up regulatory review in pledge to block further 'Carillion scandals'

James Phillips
clock • 2 min read

The Labour party will hold an independent review of financial services regulatory bodies in the wake of the collapse of construction giant Carillion.

In a speech on 19 May, shadow chancellor John McDonnell said regulators - including The Pensions Regulator (TPR) - had "failed to do their jobs" in the run-up to the company's failure. The party...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

DWP extends VfM consultation by two weeks

DWP extends VfM consultation by two weeks

Deadline for responses extended to 15 September

Martin Richmond
clock 12 August 2026 • 1 min read
How AI is driving more complex pension member complaints

How AI is driving more complex pension member complaints

Richard Bacon and Henry Day say there has been a step change in member requests and complaints

Richard Bacon and Henry Day
clock 07 August 2026 • 3 min read
ORA lessons from the first wave

ORA lessons from the first wave

Manjinder Basi and Lauren Shipman say initial concerns have proved largely misplaced

Manjinder Basi and Lauren Shipman
clock 30 July 2026 • 3 min read
Trustpilot