RBS has had to pay in almost £1.5bn over the past two years to prop up the scheme, which before it closed to new members in 2006 was one of the most generous in the UK, offering a two-thirds of final salary pension on nil employer contributions.
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RBS pensions sting taxpayer
The Royal Bank of Scotland’s gold-plated pension scheme will require a big cash injection at the expense of the taxpayer after it is revalued at the end of this month.
