Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
22/02/2018

Unite Calls For Probe Into Whereabouts Of Carillion Pension Payments

Construction News Image
Union Unite has called for an investigation into the whereabouts of pension payments made by former Carillion public sector workers.

The union said while it is understood workers last paid their pension contributions in December, the money had not been received by the statutory pension schemes, and nor had the employer's contributions.

While it is unclear when exactly Carillion last paid contributions into the required schemes, Unite said queries had been met with a 'brick wall' by the Insolvency Service and special managers PwC.

National Officer for Health, Colenzo Jarrett-Thorpe, said: "This is a matter of serious concern. Workers make contributions towards their retirement and have every right to expect that those contributions go to the rightful pension schemes.

-- Advertisement --
hss

"We need to know what has happened to these payments, possibly involving more than a million pounds. At present, they appear to have mysteriously disappeared into the financial abyss.

"Money has been taken from workers' wages for their retirement and that money appears to have disappeared into the ether. Efforts by Unite to discover what has happened from the Insolvency Service has hit a brick wall."

Unite has now called on Frank Field and Rachel Reeves, the respective chairs of the Work and Pensions, and the Business, Energy and Industrial Strategy (BEIS) select committees, to launch a prove into the final destination of the pension contributions, which could possibly be worth more than a million pounds.

Mr Jarrett-Thorpe continued: "We are calling on the two select committees to redouble their efforts to get to the bottom of the financial debacle that was Carillion.

"The financial stewardship of Carillion in its last months was a prime example of out of control, feral capitalism."

(LM/MH)

Latest Construction News

02/05/2024

Engineering steel specialist, William Hare Group, has scooped a contract to deliver the design, fabrication and installation of a sustainable steel solution for the latest iconic development at Broadgate in London. 2 Finsbury Avenue will comprise a 21-storey West Tower and a 36-storey East Tower, ...
02/05/2024

National Grid has teamed up with Smart Wires on an innovation project to make better use of grid enhancing technologies such as advanced power flow controllers, with the goal of reducing network congestion and maximising the potential of existing infrastructure. The Network Innovation Allowance ...
02/05/2024

Glencar and its client Wrenbridge have started construction work on a new 213,874 sq ft logistics and industrial unit at their new landmark 'Junction' gateway development in Luton. To mark the occasion a special ceremony was held on site attended by representatives from Wrenbridge, Glencar and the ...
02/05/2024

Speedy Hire has been named a Financial Times Europe Climate Leader for the second consecutive year. This accolade is awarded to the companies who are most successfully reducing their core greenhouse gas emissions, with Speedy Hire named due to its track record in supporting the decarbonisation of ...
02/05/2024

Boost safety and productivity in the workplace. It's time to say goodbye to your old hand pallet truck and call in new help. Get the support your business needs for everyday transport or stacking tasks, by moving goods safer and easier than ever with HC-Forklift-UK’s electric pallet trucks. ...
02/05/2024

Savills, on behalf of the Tom Duke Life Interest Trust, has announced the sale of Wisbridge Solar Farm for offers over £1.15 million. The 9.34 MW scheme is located between London and Cambridge in Royston, Hertfordshire, and was commissioned in September 2014. The fully operational freehold ...
02/05/2024

Budget Conservatories, a leading provider of high-quality windows and doors, has announced a special promotion to celebrate its 30th anniversary. Throughout the entire month of May, customers will have the opportunity to enjoy significant savings and the chance to win exciting prizes. To ...
02/05/2024

Construction firm Galliford Try has appointed David Lowery to Galliford Try’s Executive Board with effect from 1 July 2024, in the newly-created position of Divisional Managing Director of Infrastructure. David, who has extensive UK and overseas experience comprising more than 24 years, will ...
02/05/2024

Selco Builders Warehouse has created a fourth 'Selco Forest' as part of its carbon-offsetting tree-planting scheme. Set in Lomond Hills in Fife, the latest forest to be developed by the leading builders merchant covers 21 hectares and comprises of more than 54,000 trees. It means, over the last ...
02/05/2024

As spring arrives, bringing with it the promise of warmer days, managing your home's heating needs can become a little trickier, warns Rob Nezard, Managing Director of UK Radiators. What's more, it can also prove expensive if not done right. Here Rob spells out SIX spring heating mistakes that ...
Efco UK LtdBRICOFLOR UKLakeside HireJWCThink Construction Skills Ltd.Aqua Direct LtdScotdeck LtdTanks For Everything LtdBarrier MartCompass Protection Manufacturing Limited
Terms and Conditions
2024/05/02 16:23:27