Trade union Unite has branded plans by the Royal Bank of Scotland (RBS) to axe staff from its investment banking division as "appalling".
The union said it will write to RBS in an effort to engage with the state-backed lender over reports it is set to shed up 10,000 staff as part of a scaling down of its investment activities.
"Speculation the Royal Bank of Scotland is considering cutting a further 10,000 staff is appalling," said Unite national officer David Fleming in a statement. "This 83% state supported institution has already announced 22,000 job losses across the group in the UK."
He added the union was "disgusted" RBS workers had to read about possible job losses in the media and will air its displeasure to the bank.
"Unite is writing to management to call on them to engage with Unite the union on their plans for RBS in the UK," said Fleming. "It is vital they develop a strategy for saving jobs at all levels."
The Aviva Investors Multi-asset Funds (MAF) target equity risk rather than absolute volatility. Thomas Wells, Multi-asset Fund Manager, explains that while absolute volatility varies significantly over time, the inherent risk of investing in equities remains relatively constant.
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