Sky News: NatWest's Historic £11bn Pension Payments Outsourcing
Wednesday, 6 November 2024, 08:00
Sky News Reports on NatWest's Major Financial Move
In a landmark decision, NatWest has unveiled an £11bn deal to transfer a large portion of its pension scheme to Rothesay. This significant step involves outsourcing approximately one-third of its £33bn retirement liabilities, representing the largest of its kind in history.
Implications of the Deal
- This transaction is expected to streamline NatWest’s financial obligations.
- It reflects a broader trend among companies to manage pension liabilities more effectively.
- Sky News provides insights into the potential impact on employees and retirees.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.