Tata Steel may close UK pension scheme - union source

Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain's largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme's deficit, which is one of the main stumbling blocks in talks to merge Tata Steel's European and UK assets with Germany's Thyssenkrupp. The source said Tata is proposing to move members onto a defined contribution scheme, in