Carillion scheme agrees £150m PPF+ buyout with L&G

James Phillips
clock • 2 min read
Carillion's vast company group collapsed three years ago
Image:

Carillion's vast company group collapsed three years ago

The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.

The transaction follows the liquidation of its sponsor, Sovereign Hospital Services, which entered into liquidation following the collapse of its owner, Carillion Group, in 2018. Three years after the...

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