The government's announcement that it will launch a consultation to 'consider the financial situation of Tata's UK pension scheme' has the potential to open up a Pandora's box of issues unless carefully managed.
Despite assurances from the Business Secretary Sajid Javid that several options were 'still being considered' and that he was 'wary of setting a precedent' any changes to the pension rules could have massive implications beyond the Tata Steel workforce.
It is clearly an incredibly difficult situation with Tata's existing pension liability proving to be a massive obstacle to any potential purchase.
The government has repeatedly voiced its determination to find a solution, and in the face of an EU referendum barely four weeks away, it cannot afford to fail.
But in saving a future for Tata Steel, Mr Javid must tread very carefully, otherwise he risks torpedoing the founding premise of every company pension scheme, that it will be honoured.
"Everyone has huge sympathy for steel workers and for efforts to protect jobs, but rushed changes to pension rules risk driving a coach and horses through the pension security of hundreds of thousands of workers well beyond the steel industry."