Defaulting for the greater good: RBS takes the next step

Taha Lokhandwala on RBS' latest scheme innovation

clock

This week has seen the announcement that the Royal Bank of Scotland is upping the default contribution rate for new employees.

It operated a somewhat lush DC offering pre auto-enrolment providing 15% of an employees' salary to use for a pension, other benefits or to take back in cash, and a default contribution of 4% into ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

DCIF highlights 'growing tension' between economic ambitions and schemes' fiduciary duty

DCIF highlights 'growing tension' between economic ambitions and schemes' fiduciary duty

Report sets out opportunities for DC schemes to contribute to UK growth while delivering strong outcomes for savers

Holly Roach
clock 11 June 2025 • 3 min read
The evolution of DC investments

The evolution of DC investments

How defined contribution schemes are investing in private markets.

Jonathan Stapleton
clock 11 June 2025 • 15 min read
TPT launches managed retirement for life offering

TPT launches managed retirement for life offering

Proposition allows members to convert their pots into inflation-linked income for life

Jonathan Stapleton
clock 11 June 2025 • 2 min read
Trustpilot