British Steel Pension Scheme

With the steel industry's fortunes hanging in the balance, PP considers the prospects for its pension fund.

The government may have to inject £2bn into the British Steel Pension Scheme to sell the Tata Steel business, according to the frontrunner to buy the assets.

The funding deficit of the British Steel Pension Scheme (BSPS) has dropped from £550m to £90m as a result of cost cutting measures agreed following tough negotiations.