All Royal Bank of Scotland articles
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NewsNatWest pumps £427mn into pensions as govt reduces its stake
NatWest Group has paid £427mn into its pension scheme as a result of an off-market purchase of ordinary shares from HM Treasury, which saw the government’s stake in the banking group drop beneath 50 per cent for the first time since the 2008 financial crash.
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News
Investors sound alarm over AGM shut-outs
On the go: Two-thirds of FTSE 100 companies that have announced annual meetings plan to conduct them behind closed doors under the Covid-19 lockdown, sparking concerns over shareholder rights.
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NewsCovid-19: Volatility returns to markets after UK banks scrap dividends
While UK banks suspended dividend payments amid pressure from the regulator, European markets returned to volatile conditions. Meanwhile, FTSE 350 companies’ defined benefit schemes reached an accounting surplus.
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News
Pension funds in line for forex multibillion-pound bonanza
UK pension funds could be in line to receive billions of pounds in compensation from five banking giants, as a former chairman of the Pensions Regulator takes them to court in one of the first US-style class actions in the UK.
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News
DC trustees eye master trusts for decumulation options
Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.
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NewsRBS scheme slashes equities after £2bn contribution
The Royal Bank of Scotland's UK defined benefit schemes have dramatically cut their exposure to equities, derisking their portfolios into corporate and government bonds to improve the plans' risk level.
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OpinionWhy we need to better understand Generation AE
Who are ‘Generation AE’, the first-time pension savers created by auto-enrolment?
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Features
How should schemes appoint their MNTs?
Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?
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News
Rising interest rates threaten sponsor covenants, say experts
PLSA Investment Conference 2018: Interest rate and inflation risk could pose imminent threats to schemes and sponsors, while quantitative easing might not have been bad news for schemes, experts have said.
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News
Large scheme admin transitions show need for careful planning
Administration system transitions can be risky, but this has not stopped one of the industry’s largest taking place next month, while other schemes are outsourcing their services in an increasingly competitive environment for in-house teams.
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.
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OpinionDisruption, dispute – discontent?
The news that Royal Bank of Scotland is shifting £18m of annual national insurance contributions – the increase it will face when contracting-out kicks in on April 6 – to 27,000 defined benefit members may not faze pensions lawyers, given it is legal to do so.
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NewsRenishaw recognises true liability as IFRIC 14 bites
Gloucestershire-based engineering company Renishaw’s defined benefit liabilities jumped £15.6m above the IAS 19 accounting deficit at the end of last year, as experts highlighted the impact the accounting measure IFRIC 14 has on scheme valuations.
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NewsBank error slows Shell pension payments to members
A Bacs processing error at Royal Bank of Scotland last week caused delays in pension payments to 30,000 members of oil giant Shell’s UK defined benefit schemes.
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NewsRBS banks on preferred provider for drawdown
Royal Bank of Scotland’s defined contribution scheme is exploring the addition of a drawdown option via an external provider to enable a seamless transition into retirement for its members.
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Features
How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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NewsBattle to plug deficits continues as FTSE 100 see £8bn deterioration
The total pension deficit of FTSE 100 defined benefit schemes worsened by an estimated £8bn, bringing the total to £57bn at the end of 2013, according to research, but experts maintain larger schemes are managing their risk exposures effectively.