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Tata Steel signs new pensions deal

“Finalising the pension arrangements is expected to clear the way for Tata to merge its European steel business with German firm Thyssen Krupp” writes Lars Fjelds E-nielsen for Tata Steel UK said it had signed the documentation for a so-called regulated apportionment arrangement (RAA) with the Trustee of the British Steel Pension Scheme, offering “more sustainable outcomes” for pensioners, employees and the business.

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