Carillion directors 'contemptuous' of pension funding

James Phillips
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New letters reveal company offered contributions far lower than trustees asked for
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New letters reveal company offered contributions far lower than trustees asked for

The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.

The company presented a "rosy picture" of its financial position while "pleading" it could not afford higher deficit contributions to its 13 UK DB schemes, presenting a "take it or leave it" approach to...

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