11
Aug
15:36
Tata moves closer to UK pensions liability buyout
Tata Steel UK tells Kallanish that it has taken the next step in exiting its liability towards the so-called British Steel Pension Scheme (BSPS). It has signed the documentation for a Regulated Apportionment Arrangement (RAA) with the BSPS Trustee.
When the RAA takes effect the BSPS will be separated from Tata Steel UK and a number of affiliated companies. It follows an announcement on 16 May that the key commercial terms of an RAA had been agreed in princ…
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Anonymous
Very good overview of the weekly steel market.
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