Deeper scandal at Carillion was Pension Regulator's inaction | Nils Pratley

Regulator had front-row seat but failed to use powers to intervene before firm went bustFrank Field is right to castigate the directors of Carillion for being “contemptuous” of their obligations to the company’s pensioners. The picture of what happened in the pre-crash years is now reasonably clear: the directors, even as they were raising the dividend to shareholders year after year, made a corporate plea of poverty when talking to the pension trustees. The decision-making and