Tata looks to offload £15bn British Steel Pension Scheme



TATA is reportedly trying to get rid of the £15bn British Steel Pension Scheme.
The Sunday Times says the Indian firm is believed to have opened talks with the Pension Protection Fund (PPF) and the Pensions Regulator over a restructuring deal.
The talks "hinge on using a regulated apportionment agreement" according to the Sunday newspaper. This would allow companies to put cash into a pension scheme in return for being allowed to continue trading without those liabilities.
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The £700m hole in the £15bn British Steel pension scheme is seen as... read more

 
10 October 2016 in Yorkshire & Humber, Views: 36
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