British Steel scheme PIC buyout faces six-month delay

Open trustees write to members as the scheme exists its PPF assessment period

Hope William-Smith
clock • 2 min read
The trustees confirmed they are also still working on other exercises in the lead up to the new buyout date.
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The trustees confirmed they are also still working on other exercises in the lead up to the new buyout date.

Trustees of the British Steel Pension Scheme (BSP) say “good progress” is being made on plans to complete a buyout with Pension Insurance Corporation (PIC) despite having to move its expected date of completion into 2022.

In a letter to scheme members yesterday (6 November) the open trustees of the beleaguered scheme confirmed it had exited its Pension Protection Fund (PPF) assessment period on 9 November. "We no...

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Hope William-Smith
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