MPs slam Carillion for failing to pay into pensions

Carillion “wriggled out” of payments into its company pension scheme as its financial troubles grew, according to MPs - the BBC reports.

Last year, contributions to employee pensions funds were deferred until 2019, to help shore up the firm’s finances.

Parliament’s Work and Pensions Committee has published a letter from the Chairman of Carillion’s pension scheme suggesting that they’ve been left with a funding shortfall of circa £990m.

The letter shows trustees were ‘kept in the dark’, the committee argues, and that bonuses and dividends took precedent.