RBS to pay £4.2bn into DB scheme on back of accounting changes

Michael Klimes
clock • 2 min read

Royal Bank of Scotland (RBS) will pay ten years' worth of pension contributions into its defined benefit (DB) plan by March following IAS-driven changes to its accounting policies.

In a trading statement, the bank said a single payment of £4.2bn would be paid into the main section of the group's pension fund by 31 March 2016, subject to discussions with the trustee. It sai...

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