Tata Steel completes RAA for British Steel scheme

James Phillips
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Members will receive further details about future pension provision 'in due course'
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Members will receive further details about future pension provision 'in due course'

A regulated apportionment arrangement (RAA) has been conducted for the British Steel Pension Scheme (BSPS) after no appeals were lodged since it was agreed in principle last month.

The Pensions Regulator (TPR) and Tata Steel confirmed the £15bn BSPS has now been severed from the company, with around 130,000 members due to transfer into a new scheme or enter the Pension Protection...

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