Tata Steel
Old British Steel scheme completes £2bn buy-in with PIC
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
Light at the end of the tunnel for DB sponsors?
Martin Hunter says while new TPR powers will increase the burden on all DB employers, it isn't all doom and gloom
New BSPS 'up and running' for over 80,000 members
Steelworkers are set to receive their first payments today from the new British Steel Pension Scheme (BSPS), which is now in full operation for over 80,000 employees.
British Steel passes funding level test for new scheme following RAA
The initial funding level test criterion for the new British Steel Pension Scheme (BSPS) have been "comfortably met", according to the trustee.
Steelworkers left to fend for themselves 'while Rome burns', Field's committee says
Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.
Of Steel, Freedom and Choice
Andrew Warwick-Thompson says in Port Talbot we are witnessing the detrimental impact of extending Freedom and Choice to DB schemes
Select committee calls special probe of BSPS advice
A "special" evidence hearing will be held by the Work and Pensions Committee (WPC) in order to probe "questionable approaches and unsuitable advice" given to British Steel Pension Scheme (BSPS) members
Should RAA restrictions be loosened?
There are increasing calls to review the process for regulated apportionment arrangements, which are still rare. Stephanie Baxter explores the rationale for a more flexible framework.
The creeping DB crisis
A panel at this year's Trustee Senate discussed strains in the DB system and what can be done about them. Michael Klimes reports
Field seeks assurances on protecting British Steel members
Frank Field MP has written to The Pensions Regulator (TPR) seeking information about how members' benefits will be safeguarded in the new British Steel Pension Scheme (BSPS).
Five stories you may have missed this week
This week's top stories included the revelation that the Communication Workers Union was planning to cut its pension provision, despite launching a ballot for industrial action against Royal Mail for similar plans.
Tata Steel completes RAA for British Steel scheme
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.
British Steel restructure agreement welcomed but big questions still unanswered
Last week's agreement on a regulated apportionment arrangement (RAA) to split Tata Steel UK (TSUK) from its defined benefit (SB) pension fund fails to answer fundamental questions.
TPR and PPF agree RAA proposal for British Steel scheme
The regulator and lifeboat fund have agreed plans to sever the £15bn British Steel Pension Scheme from Tata Steel UK after months of negotiations with the trustee and sponsor.
Five stories you may have missed this week
This week's top stories include estimates suggesting a 20% flat rate of tax relief could save the Treasury £13bn.
Five stories you may have missed this week
This week's top stories include coverage of the political party manifestos ahead of the snap general election, and Tata Steel nearing a deal for the British Steel Pension Scheme.
Five stories you may have missed this week
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
British Steel scheme 'has £2bn surplus' on best estimate assumptions
The British Steel Pension Scheme (BSPS) could have a £2bn surplus when using best estimate investment return assumptions, analysis by First Actuarial has suggested.
Five stories you may have missed this week
This week's top stories include speculation about what the snap general election may mean for pensions, and Bernard Matthews' owners accused by MPs of throwing out a deal to save the DB scheme for their own benefit.
Tata Steel 'offers' £520m payment for British Steel scheme
Tata Steel has reportedly offered a one-off £520m payment into the British Steel Pension Scheme (BSPS) in an attempt to cut ties with the fund.
Five stories you may have missed this week
This week's top stories include reports that a deal for the British Steel Pension Scheme could be very near, while recent falls in life expectancy may not be a blip.
Tata Steel could cut DB scheme adrift within three months
A deal on separating the British Steel Pension Scheme (BSPS) from Tata Steel may be just two or three months away, according to reports.
Could new PPF levy for sponsorless schemes scupper future RAA deals?
The PPF's plans to impose a new levy model on schemes that cease to have a substantive sponsor have received mixed reactions from the industry, writes Stephanie Baxter
PPF: Providing reassurance in turbulent times
It has been just over six months since Arnold Wagner was appointed chairman of the £23bn Pension Protection Fund. He talks to Helen Morrissey about the key lessons learned during 2016 and how the fund is looking to the future
