Trustee secures third buy-in policy for $2.5 billion worth of liabilities.
Tag: Tata Steel
UK pension lifeboat PPF said the plan is better funded than expected.
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.