The Royal Bank of Scotland Group pension scheme may use more than £800m of taxpayer cash to shore up the funding position of its pension fund.
In the company's annual report, the funding position of its defined benefit scheme declined from a surplus of £340m to a deficit of almost £2bn. The report showed the company would make a cash contribution...
This week's edition of Professional Pensions is out now.
Laytons partner Jennie Kreser speaks of her concerns over pension outcomes.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.