Welcome to the Old British Steel Pension Scheme website


This website has useful information about the Old British Steel Pension Scheme (the Scheme). This includes information on the Scheme’s Pension Protection Fund (PPF) assessment period, and the 'buy-out' process with Pension Insurance Corporation (PIC).

All the information here is provided by Open Trustees, the trustee of the Scheme. We were appointed to look after the Scheme when it entered its PPF assessment period on 29 March 2018. Since then, we've overseen the completion of the Scheme's PPF assessment period and completed a buy-out with PIC.

You can read the general information we have posted out to members since we were appointed, on the member communications page. There are also useful links to information about PIC and contact details for the administration team at Barnett Waddingham.


Our contact details changed on 1 August 2023 - see the Get in touch section or our Contact us page.

Latest news

We’ve now completed all work ahead of the buy-out and from 1 August 2023, PIC have full responsibility for your benefits in the Scheme.

Get in touch

Need to update your personal details or have any questions about your benefits? Contact Pension Insurance Corporation:

Call on:

0800 081 7000 (freephone)
+44 (0)121 828 0185 (from abroad)



Write to us:

Pension Insurance Corporation plc
3 Devon Way
Longbridge Technology Park
B31 2TS

New British Steel Pension Scheme member?

If you moved over to the new British Steel Pension Scheme in March 2018 you can find all the information about your scheme here: www.bspspensions.com