The British Steel scheme's trustee board has turned down Edmund Truell's proposal to save the fund, calling it an unviable plan that would expose members to "unacceptable risk".
Last July Truell, the former chairman of the London Pension Fund Authority, proposed a way to save Tata Steel UK's £15bn pension scheme without making controversial cuts to members' pensions. Hi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders