The Royal Bank of Scotland (RBS) has seen the net liabilities of its pension schemes drop 23% after making a £1.1bn employer contribution last year, according to its annual results.
This marked a £700m reduction in its pension liabilities to £2.3bn at the end of 2014 on an IAS 19 basis, with net gains of £100m also helping to cut the debt burden. This comes after the part-nationalised...
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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.