Royal Bank of Scotland has told staff members they will have to work longer and contribute 5% of salary to their defined benefit scheme.
About 42,000 scheme members have been told they will have to work an extra five years before reaching pension eligibility. They will also have to pay in about 5% of their salary if they want to ...
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