WebJun 16, 2016 · First published on Thu 16 Jun 2016 07.35 EDT. The trustees of the British Steel pension scheme have asked its 130,000 members to accept scaled-back retirement benefits to avoid having to use the ... WebDec 7, 2024 · By Maria Espadinha. The Financial Conduct Authority has said it will be monitoring pension transfer requests from the Old British Steel Pension Scheme, as the pension fund has exited its ...
Steelworkers eye pension uplift as £2bn deal secured
WebFeb 22, 2024 · Back in the steel world, the UK’s financial watchdog has instructed two firms to stop making unsolicited settlement offers to former members of the British Steel Pension Scheme (BSPS). WebBritish SteelPension Scheme. British Steel. Pension Scheme. I'm already taking. my pension. I'm not taking. my pension yet. I'm looking for the Old British Steel Pension Scheme. monitor hq screen 24
British Steel pension: Firm fined £2.4m for unsuitable …
WebThe sale was completed at the end of May 2016, with the resulting business renamed British Steel. As part of the takeover, new agreements were made with workers and unions, including a wage cut, end to bonus schemes, and the end of a final salary pension scheme. The British Steel Pension Scheme (BSPS) was not included in the sale. WebDec 7, 2024 · The Old British Steel Pension Scheme (OBSPS) has exited Pension Protection Fund (PPF) assessment and its members will not be entering the pensions lifeboat. In a letter to members, the scheme trustees stated that they had made “good progress” towards a buyout. WebMar 18, 2024 · Its report found the 2,000 scheme members who have so far claimed redress, lost a collective £55.3m, but because of compensation limits, have received £37.3m back between them. Pensions 'major ... monitor hue mounted philips