British Steel restructure agreement welcomed but big questions still unanswered

Stephanie Baxter
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British Steel restructure agreement welcomed but big questions still unanswered

Last week's agreement on a regulated apportionment arrangement (RAA) to split Tata Steel UK (TSUK) from its defined benefit (SB) pension fund fails to answer fundamental questions.

After months of intense negotiations, The Pensions Regulator (TPR) and Pension Protection Fund (PPF) have given the green light to terms of the deal which were first announced by the sponsor in May...

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