Buyout with Legal and General
The buyout of the British Steel Pension Scheme was completed on 31 March 2026. From that date, all Scheme members became policy holders with Legal & General (L&G). Legal & General is now solely responsible for administering and paying your benefits. L&G's contact details are:
Post: Legal & General Assurance Society Ltd Customer Payment Services PO Box 809 Cardiff CF24 0YL
For those not yet in receipt of their pension:
Post: PRT Retirement Team, Legal & General Assurance Society Ltd, City Park, The Droveway, Hove, BN3 7PY
Future communications about your pension will be from L&G. This will include later this year:
• Your individual pension policy document confirming the benefits that have been secured for you with L&G.
• Details of the final top-up pension.
Further information can be found in the Chairman's "Farewell" letter.