RBS gives cash sweetener to staff joining DC plan

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ROYAL Bank of Scotland is offering new employees a cash bonus for joining their defined contribution plan in a bid to keep their pensions offering competitive, delegates at the Professional Pensions Show heard.

Head of group pensions Peter Hurcombe told Pensions Show delegates that the 15pc of salary allowance could either be paid into the new DC scheme or as a lump sum to invest elsewhere. RBS closed ...

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