The government has launched a consultation on ways to reduce the British Steel Pension Scheme's (BSPS) liabilities to find a buyer for Tata Steel UK, which could require controversial legislation.
It sets out four potential solutions to separate the scheme from Tata in the hope to secure members' benefits at above Pension Protection Fund (PPF) compensation levels but below full benefits. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
