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RBS incurs £102m cost of equalising pension payments
UK’s third-biggest pension scheme reveals GMP equalisation costs and slashes equity exposure
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RBS agrees ‘final deficit contributions’ for £45bn scheme
UK bank agrees to match shareholder payouts with pension fund contributions
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NBIM lauds 'challenge to conventional thinking' on RBS exec pay
Norway’s oil fund manager to approve UK bank’s remuneration policy move on Thursday
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RBS Netherlands pension scheme first to use APF vehicle
Solid funding and APF vehicle should enable full indexation
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APG, Sampension, AP1 among institutions sharing £800m RBS pot
UK pension funds also among the institutions having agreed a settlement with the bank
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UK Church Commissioners win bid for RBS branches
New bank to ‘challenge’ major players, focusing on ethical standards and SMEs
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UK's RBS in £4bn lawsuit over 'inexcusable actions'
GLOBAL – Group of over 100 institutional investors file suit against bank over £12bn rights issue.
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UK institutions begin hearing against RBS over £12bn share issue
Hearing to discuss case against RBS over allegedly misleading information in 2008 issue
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USS to join UK institutional investors in legal action against RBS
Potential for £1bn compensation request as scheme, managers seek retribution over 2008 share issue
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Mandate roundup: RBS, Hastings, Merseyside, Mercer, Berkshire
RBS pension fund appoints Australian fund manager to oversee infrastructure exposure.
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Lloyds, RBS reflect on impact of changes to IAS19 accounting
UK – Changes to accounting standards would have increased losses, UK banks say.
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Lazard, Davis lose out as RBS pension fund targets alternatives
Fund reallocates £600m from equities towards alternatives, including infrastructure
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Top pension schemes back industry cost reporting initiative
USS, Royal Mail, RBS and seven others pen letter endorsing new industry cost disclosure standard
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Further-nationalised RBS pushes derivatives
[16:45 CET 19-01] UK – Royal Bank of Scotland (RBS), which was further nationalised today after making its biggest loss in history, has said it aims to roll out more so called ‘dynamic strategies’, a breed of structured products, for pension funds who seek alternatives to hedge funds.
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UK roundup: PPF, NAPF, Towers Watson, RBS, Highland
Deficits reported by defined benefit schemes increase to record highs, says PPF.
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UK class-action law would 'open floodgates' for RBS lawsuits
Pensions lawyer says UK unlikely to adopt law despite institutional investor interest.
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AlpInvest in talks to buy RBS private equity
EUROPE – AlpInvest Partners, the private equity manager owned by Dutch pension fund investors APG and PGGM Investments, is understood to be in talks to acquire a €400m private equity portfolio from the Royal Bank of Scotland (RBS).
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UK roundup: RBS, Deloitte, Royal London
UK – Royal Bank of Scotland has revealed it has an overall pension deficit on its schemes of £2.91bn (€3.25bn). Meanwhile, Deloitte's pension deficit has more than trebled to £234m and Royal London has appointed an investment adviser for its £1.7bn scheme.
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Mn Services to sue RBS in UK over sub-prime losses
EUROPE – The €69bn Dutch asset manager and pensions provider Mn Services says it will file a lawsuit against the Royal Bank of Scotland (RBS) for damages in wake of the sub-prime montage crash.
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Ulster and RBS salary cap plans ignite unions
[17:15 CEST 26-08] UK – Planned changes by Ulster Bank and its parent company Royal Bank of Scotland to its defined benefit (DB) schemes, such as capping pensionable salary at 2% or the rate of inflation have met with resistance from trade unions.