THE CROSS-PARTY amendment to the Pensions Bill which would create a "lifeboat fund" to boost payments from the Financial Assistance Scheme has been vigorously opposed by the government ahead of today's Commons vote.
The creation of the fund would allow payments from the FAS to be upgraded to Pension Protection Fund levels through a loan from government. It would guarantee 80pc of core pension to scheme wind-up victims...
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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.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point