The ROYAL Bank of Scotland will close its final salary scheme to new joiners from October 1 in a bid to introduce a more flexible offering for staff.
Existing staff will be given an option to remain in the scheme or invest 15pc of their salary elsewhere, including a new range of retirement offerings provided by the bank. New employees will recei...
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