Tag Archives: Tata steel

Practical help for practical people- what we hope to do for BSPS members.

What Al Rush and I are up to I’ll be taking up to a week off over the next fortnight – partly because I have to and partly because I relish the opportunity of scooting around the country doing what … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , , | 7 Comments

Was DC the only choice for the Tata Steelworkers?

      Speaking on the radio yesterday, John Ralfe called the decision of Tata Staff to accept the loss of future accrual into a final salary scheme in exchange for a 10% contribution into a DC pension fund as … Continue reading

Posted in actuaries, advice gap, FinTech, Jersey, pensions, Pensions Regulator, Politics, pot | Tagged , , , , , , , , , | 1 Comment

A tale of two failures. (BHS and Tata Steel)

BHS and Tata Steel; they have a lot in common BHS is a  failed retailer, a tired brand with 11,000 employees and a medium sized pension scheme with a hole in it. Tata Steel is a failed steelmaker, an iconic business … Continue reading

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A Faustian Pact that could hurt us all

In a potentially disastrous development to the negotiations around British Steel’s pension benefits, the Government is  considering allowing the rights of British Steel workers (including those drawing their pensions) – to be cut. There is no precedent for this. Pensions … Continue reading

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Tata, BHS, Austin Reed- “the big mess”.

  In an excellent article “Home of the Big Mess” Ivan Laws gives us his experience of watching on as a defined benefit scheme he administered was plundered by people who had the wit to use pension surpluses to provide … Continue reading

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“We’ve never had it that good”- what Tata Steel could do to pensions.

The world has woken up to the £486m deficit in the Tata (aka Corus, aka British Steel) Pension deficit and what John Ralfe estimates is a £2bn albatross around Tata’s neck (the predicted cost of walking away with the Government’s … Continue reading

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