RBS reports £100m GMP impact; slashes equity exposure by two thirds
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 to...
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Aon flags pension scheme woes ahead of corporate insolvency protection lift
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Councils face '£2bn' pension fund hole from failed oil investments
More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.
