The field is calculated and the calculation is "Text" & <FM paragraph character> & "Text".
The formula should go as
"Text" & "¶" & "Text"
You should have the quotes around the pilcrow (the name of the paragraph symbol).
I mention this in case you forgot them as suggested by the way you wrote your formula in your post.
It appears that FileMaker permits the calc to be entered without the quotes, but I expect that FMTouch is more strict.