On 11 August 2017, the Trustee of the British Steel Pension Scheme (BSPS) announced that terms had been agreed for a Regulated Apportionment Arrangement (RAA) to separate the BSPS from Tata Steel.
The separation was completed 11 September 2017, after the Pensions Regulator issued its formal approval notice for the RAA. As part of the separation, the BSPS has received £550 million from Tata Steel together with a 33% equity stake in Tata Steel UK Limited.
...
Read More
