RBS gives cash sweetener to staff joining DC plan

clock

ROYAL Bank of Scotland is offering new employees a cash bonus for joining their defined contribution plan in a bid to keep their pensions offering competitive, delegates at the Professional Pensions Show heard.

Head of group pensions Peter Hurcombe told Pensions Show delegates that the 15pc of salary allowance could either be paid into the new DC scheme or as a lump sum to invest elsewhere. RBS closed ...

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 Benefit

DB transfer values hit record low during last month, XPS finds

DB transfer values hit record low during last month, XPS finds

Consultancy says increasing gilt yields key factor in trend of decreasing transfer values

Martin Richmond
clock 25 February 2025 • 2 min read
Molins UK Pension Fund agrees 2024 valuation and shifts to surplus position

Molins UK Pension Fund agrees 2024 valuation and shifts to surplus position

Sponsor and trustees now assessing transferring the scheme to a third party

Jonathan Stapleton
clock 25 February 2025 • 1 min read
BAE Systems reports £800m UK pensions surplus

BAE Systems reports £800m UK pensions surplus

Triennial funding valuation at 31 March 2024 reveals funding ratio of 104%

Jonathan Stapleton
clock 19 February 2025 • 1 min read
Trustpilot