The NatWest Group Pension Fund provides retirement benefits for employees of the NatWest Group. The scheme includes both defined benefit and defined contribution sections, with the majority of benefits determined by factors such as pensionable service, final pensionable salary, and accrual rates. Members typically have a Normal Pension Age of either 60 or 65 but can opt to take their benefits earlier from age 55, potentially at a reduced rate.
The fund is committed to responsible ownership and sustainable investing, as outlined in their annual reports and statements of investment principles. These documents detail the fund’s approach to incorporating environmental, social, and governance factors into their investment decisions to align with long-term objectives and fiduciary responsibilities.
