Cheers for that

Clears up a number of questions but the bit on what would happen if RBS had gone bust was less clear.

Elsewhere it says it was a private scheme and RBS had to transfer the ?8m in cash to the scheme (wouldn't've been the case if it was RBS' own scheme).

Was a pretty cushy deal though. I was pleased with my pension but I 'only' accrue 1.66% of my salary per year in a final salary deal and I'm not allowed to retire until I'm 60 and I have to contribute around 7% myself (although I think my employer puts in a fair bit more).

Posted By: Kangol Canary, Feb 27, 00:01:10