Advertisement

RBS pension fund 'unaffordable' after change of terms

RBS
RBS

Taxpayer-backed Royal Bank of Scotland has been accused of making its pension fund "unaffordable" after changing the terms of its main scheme.


Some 42,000 members of the bank's final salary pension scheme were told if they want to receive the full entitlement when they retire at 60, contributions must increase from zero to 5%.