“Carillion trustees asked regulator to intervene five years ago”

Feb 24, 2018 | Pensions

Pension schemes have trustees to provide arms-length governance, to protect the interests of employees and pensioners so that future Robert Maxwells can’t fleece them. Sounds like Carillion’s trustees were trying to do their job but were ignored. Whether you’re a fan of the c—- up or conspiracy, that the directors continued to pay dividends to keep up appearances rather than properly funding pensions, that their Chairman was a No 10 adviser, that they were allowed to become too big to fail but still did, could be seen as decidedly murky. You may think that, I couldn’t possibly comment; I’m sure our elected leaders know best.

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“NatWest buys 85% stake in pensions fintech Cushon”

“NatWest buys 85% stake in pensions fintech Cushon”

OK, this might not sound like a big deal, but it is, I think, the thin end of yet another wedge. Not so many years ago, when the banking dinosaurs ruled the earth, they bought life insurance companies, fund managers and even estate agents…