About the Scheme
Scheme and Trustee information
The British Steel Pension Scheme (BSPS) is administered by B.S. Pension Fund Trustee Limited, a corporate Trustee Company set up for this purpose.
The assets of the Scheme are held in the name of the Trustee Company and are separate from the assets of the Employers. The staff of both the Investment Office and the Pensions Office are employees of the Trustee Company, not Tata Steel UK Limited (the Principal Company which sponsors the Scheme).
The day-to-day administration of the Scheme is supervised by the Trustee board, who are directors of the Trustee Company.
The Scheme is a Registered Pension Scheme under Section 153(9) of the Finance Act 2004 and enjoys certain tax concessions.