Tata Steel Pension Scheme
- All
- News
-
New Tata Steel UK Pension Scheme To Be Set Up After Meeting Minimum Criteria
Britain's pensions regulator agreed a deal last year to allow Tata Steel UK to cut scheme benefits and set up a new BSPS
-
Tata Steel Gets Regulatory Approval For UK Pension Deal
The pension scheme's 15 billion pounds ($19.37 billion) of liabilities appeared to be the main obstacle in the merger talks with Thyssenkrupp, which has been opposed to taking them on.
-
Tata Steel UK Closes Pension Scheme To New Accruals From March 31
Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.
-
UK Workers back Tata Steel Rescue Plan
Nearly 10,000 were voting in a ballot over the past few weeks on whether they would accept moving from a final salary pension to a less generous scheme in return for job safety and Tata's promise of nearly 1-billion-pound worth of investment over the next 10 years.
-
Tata Steel, Thyssenkrupp Merger Talks Face Extensive Delays
Tata says its UK unit, expected this year to post its first profit in five years, will fail if it has to keep ploughing funds into a scheme with 13 times more pensioners than paying employees.
-
UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
-
Tata Steel Offers To Pay Millions For Pension Scheme Revamp: Report
Last month, Tata Steel UK offered British unions a deal guaranteeing jobs and investment in return for pension cuts.
-
Tata Steel Sweetens Offer To UK Workers, Moves Closer To Merger
Tata wants to close employees' debt laden pension scheme and replace it with a defined contribution scheme.
-
Tata Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
-
Tata Steel Set For Trade Union Talks In UK: Report
Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.
-
UK Renews Pre-Brexit Vote Financial Aid Pledge For Any Tata Steel Buyer
The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union.
-
Brexit Seen Making Government Fix To Tata Steel Pension Plan Elusive
A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets - is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said.
-
UK Government Plans Steel Pensions Overhaul To Ease Sale Of Tata Assets
Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel's UK assets.
-
UK Steelworkers' Pensions Could Be Slashed Under Tata Plan: Report
Tens of thousands of steelworkers in the UK could have their pensions slashed by up to 20 per cent under plans by Tata to wash its hands of the 15 billion pounds British Steel retirement scheme, media reported on Sunday.
-
Tata Steel Gains 2%, UK Unit's Pension Deficit Falls
Tata Steel said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around $138 million) as of March 2014.
-
New Tata Steel UK Pension Scheme To Be Set Up After Meeting Minimum Criteria
Britain's pensions regulator agreed a deal last year to allow Tata Steel UK to cut scheme benefits and set up a new BSPS
-
Tata Steel Gets Regulatory Approval For UK Pension Deal
The pension scheme's 15 billion pounds ($19.37 billion) of liabilities appeared to be the main obstacle in the merger talks with Thyssenkrupp, which has been opposed to taking them on.
-
Tata Steel UK Closes Pension Scheme To New Accruals From March 31
Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.
-
UK Workers back Tata Steel Rescue Plan
Nearly 10,000 were voting in a ballot over the past few weeks on whether they would accept moving from a final salary pension to a less generous scheme in return for job safety and Tata's promise of nearly 1-billion-pound worth of investment over the next 10 years.
-
Tata Steel, Thyssenkrupp Merger Talks Face Extensive Delays
Tata says its UK unit, expected this year to post its first profit in five years, will fail if it has to keep ploughing funds into a scheme with 13 times more pensioners than paying employees.
-
UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
-
Tata Steel Offers To Pay Millions For Pension Scheme Revamp: Report
Last month, Tata Steel UK offered British unions a deal guaranteeing jobs and investment in return for pension cuts.
-
Tata Steel Sweetens Offer To UK Workers, Moves Closer To Merger
Tata wants to close employees' debt laden pension scheme and replace it with a defined contribution scheme.
-
Tata Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
-
Tata Steel Set For Trade Union Talks In UK: Report
Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.
-
UK Renews Pre-Brexit Vote Financial Aid Pledge For Any Tata Steel Buyer
The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union.
-
Brexit Seen Making Government Fix To Tata Steel Pension Plan Elusive
A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets - is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said.
-
UK Government Plans Steel Pensions Overhaul To Ease Sale Of Tata Assets
Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel's UK assets.
-
UK Steelworkers' Pensions Could Be Slashed Under Tata Plan: Report
Tens of thousands of steelworkers in the UK could have their pensions slashed by up to 20 per cent under plans by Tata to wash its hands of the 15 billion pounds British Steel retirement scheme, media reported on Sunday.
-
Tata Steel Gains 2%, UK Unit's Pension Deficit Falls
Tata Steel said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around $138 million) as of March 2014.
