British steel

Metalworkers will receive £45,000 each after being told to give up gold-plated pensions

Metalworkers will receive £45,000 each after being told to give up gold-plated pensions

More than 1,000 former steelworkers who were wrongly advised to give up gold-plated pensions will receive £49million in compensation. The city watchdog has confirmed that members of the British Steel pension scheme who lost money after receiving inappropriate advice will receive an average payout of £45,000 each, down from an earlier estimate of £60,000 . …

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Chinese owners of British Steel break investment promise

Chinese owners of British Steel break investment promise

The accounts are for the period ending December 2020. Any additional Jingye investment is still expected to be disclosed between December 2020 and the date the accounts were finalized. The filings were approved by the British Steel board on October 27, 2022. Bosses said ‘the group and parent company can be self-sufficient under the current …

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