Almost 500 Tata Steel workers transfer out in 12 months
The British Steel Pension Scheme (BSPS) has revealed the number of steelworkers cashing in their defined benefit (DB) pensions more than doubled to 482 in the year to March 2017.
The figures, which were first reported by the Financial Times, come just weeks after a deal was reached to cut the scheme off from its sponsoring employer Tata Steel UK, following tough talks with The...
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DB transfer complaints to ombudsman jump 44% in 2020
Jump from 554 in 2019
