Frank Field

Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.

The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.

Frank field is a good thing for pensions and the government will make the necessary legislative changes to allow CDC, according to industry

In this week's Pensions Buzz we want to know if you think Frank Field, chairman of the Work and Pensions Committee, is a good thing for pensions.

Documents published by two select committees reveal there were warning signs about construction group Carillion's position and illustrate the "chronic underfunding" of the 13 UK defined benefit (DB) schemes.

As the Work and Pensions Committee's consultation on CDC closes, Stephanie Baxter asks whether it could offer a viable alternative in the binary pensions system

"We must do something, this is something, therefore we must do this," is the politician's fallacy famously expounded by Sir Humphrey Appleby in the BBC sitcom Yes, Prime Minister.

The Pensions Regulator (TPR) has provided little evidence of hard action despite being aware of problems at Carillion since at least 2008, Work and Pensions Committee (WPC) chairman Frank Field has said.

The Pensions Regulator (TPR) failed to use its powers to force Carillion to pay higher contributions into its schemes despite trustees repeatedly raising concerns over the issue, Robin Ellison has said.

The Work and Pensions Committee (WPC) and the Business, Energy and Industrial Strategy Committee (BEISC) will hold two sessions to probe why Carillion went into liquidation.