Royal Bank of Scotland (RBS) has received backlash over plans to pass £18m of national insurance (NI) costs onto its 27,000 defined benefit (DB) scheme members.
The bank announced its intentions today alongside a public consultation that will run until June 30. The move follows government changes to state pensions, which will see the bank's employer NI ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date