Industry experts are worried many British Steel Pension Scheme (BSPS) members will end up in the Pension Protection Fund (PPF) instead of switching to the new fund.
A "special" evidence hearing will be held by the Work and Pensions Committee (WPC) in order to probe "questionable approaches and unsuitable advice" given to British Steel Pension Scheme (BSPS) members
There are increasing calls to review the process for regulated apportionment arrangements, which are still rare. Stephanie Baxter explores the rationale for a more flexible framework.
A regulated apportionment arrangement (RAA) has been conducted for the British Steel Pension Scheme (BSPS) after no appeals were lodged since it was agreed in principle last month.
The regulator and lifeboat fund have agreed plans to sever the £15bn British Steel Pension Scheme from Tata Steel UK after months of negotiations with the trustee and sponsor.
Tata Steel has agreed the "key commercial terms" of a regulated apportionment arrangement with the British Steel Pension Scheme (BSPS) in a deal that could be worth in excess of £550m.