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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December concludes turbulent year for DB transfer values
Pension transfer values fell in December, while the number of individuals taking a transfer value from schemes rose, according to XPS Pension Group.
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DB funding - December 2019: Deficit halves as equities and gilts rally, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2019 estimates on the various measures…
