RBS agrees to pay up to £3.5bn to shore up pension fund
Royal Bank of Scotland (RBS) has signed an agreement to inject up to £3.5bn into its main defined benefit (DB) pension scheme, in preparation for ring-fencing legislation.
The bank said on Tuesday that it had agreed with the trustees of the main section of the Royal Bank of Scotland Group Pension Fund (the main scheme) to make a £2bn contribution in the second half of the...
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Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
DB funding - February 2021: Gilts-plus deficit eliminated, says PwC
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
Richard Jones: Looking for good people for the Stoneport club
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Longevity assumptions retain stability despite Covid
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Covid restrictions lead Mitchells & Butlers to defer £13m of contributions
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
