RBS scheme cut backs save £2.15bn

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Royal Bank of Scotland's decision to make cuts to its pension benefits saved it £2.15bn in Q4 last year, its 2009 annual results reveal.

In August, last year the bank decided to cap future increase in pensionable pay to 2% a year or the rate of inflation, which ever is lower - a decision described as a "body blow" by union Unite (PP...

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