Govt consults on plans to rescue British Steel scheme
The government has launched a consultation on ways to reduce the British Steel Pension Scheme's (BSPS) liabilities to find a buyer for Tata Steel UK, which could require controversial legislation.
It sets out four potential solutions to separate the scheme from Tata in the hope to secure members' benefits at above Pension Protection Fund (PPF) compensation levels but below full benefits. Potential...
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