Pensions
Tata Steel Expects to Complete British Steel Pension Buy-In by Mid-2023
Trustee secures third buy-in policy for $2.5 billion worth of liabilities.
Trustee secures third buy-in policy for $2.5 billion worth of liabilities.
Keith Greenfield will take over the metal pension’s board, replacing Allan Johnston.
British Steel Pension Scheme will receive £550 million and 33% equity stake in company.
Deal to separate its pension plan from its business is imminent.