RBS scheme hits surplus after cash injection
Royal Bank of Scotland's (RBS) defined benefit (DB) pension scheme has reached 120% funding after the bank made a big cash payment to plug its deficit hole.
At 30 June 2016 the scheme had an unrecognised aggregate surplus under IAS 19 valuation principles, reflected by a ratio of assets to liabilities of 120%, according to its half year results. It comes...
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