Thousands of steelworkers to fall into PPF after failing to return paperwork

clock • 2 min read

More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.

Of 122,000 members, fewer than 97,000 members completed and returned 'options forms', of which 86% were from members choosing to switch to the New BSPS and 14% were from members choosing to move in...

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