RBS reports £100m GMP impact; slashes equity exposure by two thirds

James Phillips
clock • 2 min read

Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.

Based on updated assumptions following last year's landmark High Court ruling, the bank said the project would have a marginal impact on its pension scheme liabilities. The figure relates solely...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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