The Royal Bank of Scotland has teamed up with German insurer Ergo to help German companies manage their pension assets and liabilities. The move comes as more companies in Germany pre-fund the pension promises made to their employees, instead of meeting them directly from company assets.
RBS wants to advise companies with pension liabilities over â¬500m ($788m) on how best to manage their pension liabilities. It also wants to set up and manage pension funds such as contractual trust arrangements or Pensionsfonds on their behalf, the company said in a statement.
