60,000 Rbs Staff Pay for Fred's Blunders ; Pension Cuts Save Pounds 100m

Summary

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THE bank that gave disgraced fat cat Sir Fred Goodwin a pounds 17million pension is slashing the nesteggs of 60,000 staff.

Royal Bank of Scotland plans to cap future rises in pensionable pay at a maximum of 2% a year - a move union leaders warned could lead to industrial action.

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60,000 Rbs Staff Pay for Fred's Blunders ; Pension Cuts Save Pounds 100m

They claimed the change cuts the retirement income of a typical branch worker by around pounds 3,750 a year as it sa...

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