Royal Bank of Scotland (RBS) will pay ten years' worth of pension contributions into its defined benefit (DB) plan by March following IAS-driven changes to its accounting policies.
In a trading statement, the bank said a single payment of £4.2bn would be paid into the main section of the group's pension fund by 31 March 2016, subject to discussions with the trustee. It said changes...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.