Tata Steel's UK pensions trustee warns deficit to surge

By Maytaal Angel and Carolyn Cohn LONDON (Reuters) - Tata Steel UK's pension scheme deficit is set to balloon to 1-2 billion pounds and Britain's largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme's trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany's Thyssenkrupp , but the success of those talks hinges on Tata being able to separate itself from its British pension scheme. The st