RBS deal means NDFA plans will go ahead

The plans, sold through RBS and managed by NDFA, will commence on 2 November as originally planned, after RBA agreed a deal with the FSA. NDFA was placed in administration earlier this month, giving the plans an uncertain future. However, NDFA will now be allowed to manage the Royal Deposit Plan, Autopilot Plan, Navigator Plan and Skyline Plan until a suitable alternative plan manager can be found. If a suitable alternative plan manager cannot be found by the administrators, RBS has committed to act as plan manager. Grant Thornton's Andy Hosking, joint-administrator for NDFA, sa...