British Steel passes funding level test for new scheme following RAA
The initial funding level test criterion for the new British Steel Pension Scheme (BSPS) have been "comfortably met", according to the trustee.
Under the terms of the regulated apportionment arrangement (RAA) agreed last year between the trustee and Tata Steel UK, the new £15bn BSPS will only go ahead if certain qualifying conditions were met....
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