The Carillion pension bungle raises this question: where was the oversight? | Simon Jenkins

There’s something amiss when a firm £5bn in debt, owing almost £1bn to its pensioners, and with just £29m in the bank is given a clean bill of healthThe stain of Carillion continues to spread – and smell. As desperate efforts are made to salvage the contracts and jobs of the bankrupt firm, the focus now turns on its pensioners, and on the “defined-benefits” schemes under the company’s umbrella. They cover 28,000 past and present workers.Last year t