RBS cuts scheme deficits by around £2bn

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ROYAL Bank of Scotland cut the deficit in its final salary pension scheme by almost £2bn in 2006, the group's full year results reveal.

RBS finished 2006 with liabilities of approximately £21bn and assets of £19bn. The deficit, which stood at £3.74bn at December 31, 2005, fell to £1.992bn. A spokesman said the reduction in net li...

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