The British Steel Pension Scheme (BSPS) trustee has shown the government "compelling evidence", arguing it can pay modified benefits indefinitely on a low risk basis outside the lifeboat fund.
The comments from trustee board chairman Allan Johnston came as the government is considering its response to the consultation on controversial changes to the BSPS to avoid it having to go into the...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date