Ministers have been warned not to rush into far-reaching changes to pensions law in an attempt to save the Indian conglomerate Tatas UK steel-making assets.
The government has confirmed it is looking at all options in relation to Tatas £15bn UK pensions liabilities seen as one of the major obstacles to a successful sale.
The business secretary, Sajid Javid, is due to make a Commons statement on the negotiations after returning from talks in Mumbai with senior Tata representatives.
Ministers are thought to be preparing to launch a consultation on possible legal changes that could enable a major restructuring of the Tata pension fund.
It could include cutting its long-term …