Frank Field takes aim at TPR over handling of Carillion collapse

Another regulator under fire

Hannah Godfrey
clock • 2 min read

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" ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Shifting pension rules 'eroding trust' and 'hindering' retirement confidence

Speculation on rules hitting confidence across every age group

Sahar Nazir
clock 17 November 2025 • 2 min read
Retirement confidence dips amid Budget speculation

Retirement confidence dips amid Budget speculation

Confidence is highest among those receiving professional financial advice

Jenna Brown
clock 12 November 2025 • 2 min read
The Great Wealth Transfer: women, wealth and what comes next

The Great Wealth Transfer: women, wealth and what comes next

Sponsored content from WIFA 2025 headline sponsor LV=

LV=
clock 03 November 2025 • 6 min read