Tata Steel: Pension cut plan would be 'unique' to company
Business Secretary Sajid Javid has confirmed the Government is set to launch a consultation on changes to pensions law as part of efforts to save Tata Steel despite being "very wary of setting a precedent".
The changes would leave steelworkers worse off in retirement - but they would still fare better than many employees in other pension schemes.
Former Liberal Democrat Pensions Minister Steve Webb warned the government is "going down a very dangerous path" in seeking to change the pension laws but Mr Javid said the plan for Tata would be 'unique' to the company.
