British Steel trustees reject Truell's bid to save scheme

Michael Klimes
clock • 2 min read

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...

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