Work and Pensions select committee chair Frank Field has accused The Pensions Regulator (TPR) of being "tentative and apologetic" in relation to Carillion defined benefit (DB) pension schemes.
Field (pictured) appeared unhappy with the response TPR gave to the Work and Pensions Select Committee after he had contacted TPR chief executive Lesley Titcomb with questions on its approach to Carillon's DB pension schemes. The response from Titcomb, dated 26 January, revealed TPR had been in discussions with the trustees of several of the stricken construction firm's pension schemes for a number of years as part of its role to review the firm's long-term funding. According to Titcomb, following Carillion's first profit warning in July 2017, TPR had had "frequent and close contact" ...
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