It is not just the main Carillion companies that may now find themselves in severe financial difficulties. Smaller subcontractors may find themselves having to consider their position with regard to the Pension Protection Fund (PPF) and the Pension Regulator.

Since covering the deficit that the Carillion schemes are facing — we take a quick trot through the pension ‘lifeboat’ scheme and what it might mean to the 28,000 members of the 13 Carillion schemes.

As the dust continues to be stirred up following the Carillion collapse, and with a £587m shortfall, now seems a good time to set out what we know so far in relation to the pensions aspects.