Carillion trustees received advice in 2012 to implement a progressive dividend policy and put in place other undertakings and support structures but these recommendations were rebuffed by the sponsor, correspondence has revealed.
In a letter to trustees dated 23 February 2012 - published by the Work and Pensions Committee today - corporate finance firm Gazelle set out its assessment of the Carillion covenant in respect of r...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
