RBS to pay £4.2bn into DB scheme on back of accounting changes
Royal Bank of Scotland (RBS) will pay ten years' worth of pension contributions into its defined benefit (DB) plan by March following IAS-driven changes to its accounting policies.
In a trading statement, the bank said a single payment of £4.2bn would be paid into the main section of the group's pension fund by 31 March 2016, subject to discussions with the trustee. It said changes...
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