The UK's pensions lifeboat has sought to reassure the more than 28,000 members of Carillion's pension scheme about their future payouts after the construction and outsourcing giant announced it would go into liquidation.
In a statement this morning, the Pensions Protection Fund said: "We can confirm that we have been notified of the liquidation. We know this news will raise serious concerns for all people involved. We want to reassure members of Carillion’s defined benefit pension schemes that their benefits are protected by the PPF."
