UK - The Royal Bank of Scotland (RBS) Group Pension Fund has received 76 applications for just four member nominated trustee (MNTs) positions.
A commentator, who asked not to be named, said the reason for the high number of applications could be the calibre of the membership who would all be financially literate.
He added the experience to be gained from being a MNT for such a large sophisticated scheme would also be attractive.
One of the candidates, Jonathan Hoffman, former adviser at the National Association of Pension Funds (NAPF), now a member of the team setting up new pensions guarantor BrightonRock, spoke to Global Pensions about what this meant for the pension fund.
Hoffman said: "It is extremely healthy for the RBS scheme that so many members want to become trustees. It suggests that when the requirement for MNTs rises from 33% to 50% in 2009, there will be no shortage of good candidates.
He added: "However the RBS scheme is one of the largest; smaller schemes may have more problems in finding good MNTs"
A spokeswoman for RBS confirmed the number of applicants to Global Pensions but declined to comment any further on story.
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