Financial Health Check | Achieve your financial goals | Royal Bank of Scotland (2024)

FAQs

What is the financial health check in Scotland? ›

It aims to motivate low income families to seek financial advice to maximise their income by ensuring that they are not paying more for essential goods and services than they need to and that they are getting all the benefits, grants and exemptions to which they are entitled.

The Bottom Line

Common ratios used are the net interest margin, the loan-to-assets ratio, and the return-on-assets (ROA) ratio. Net interest margin is used to analyze a bank's net profit on interest-earning assets like loans, while the return-on-assets ratio shows the per-dollar profit a bank earns on its assets.

Following the implosion of the Royal Bank of Scotland in 2008 while under the direction of directors at its Edinburgh headquarters, and its rescue by taxpayer funds, it became a subsidiary of the UK Government.

We have a single, simple purpose – to champion potential, helping people, families and businesses to thrive. Because when our customers, communities and the economy thrive, so will we.

Our free Financial Health Check is a review of your personal finances, giving helpful hints, tips and ideas to help you get financially fitter both now and in the future.

A financial health check-up looks at one's overall financial picture and identifies the best ways to improve on it for a better future. Here are some other benefits of conducting periodic financial health checkups.

Those who are financially healthy are successfully managing all aspects of their financial life. They have good to excellent credit, a handle on debt, an emergency savings fund and are on the right track for retirement.

Your net worth provides a quick snapshot of your financial health by looking at the total value of all your assets (what you own) minus your liabilities (what you owe).

For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.

We have announced that we plan to change the name of our parent company from RBS Group plc, to NatWest Group plc.

What is the controversy with the Bank of Scotland? ›

The City regulator has fined Bank of Scotland £45.5m for failing to disclose information about a £245m fraud scandal at the bank's Reading branch which resulted in six people going to jail.

The Royal Bank of Scotland has been named the worst current account provider in Britain by the competition watchdog. RBS was ranked as the poorest overall provider based on customer service, overdrafts, branch network and online and web provision. RBS is owned by NatWest Group, which is 48.1pc owned by the Government.

In its glory days, RBS was the world's third largest bank by Tier 1 capital, according to The Banker's Top 1000 ranking of July 2008. In last year's ranking it had already fallen to 12th place and with another downsizing on the way it will be heading much lower.

Royal Bank of Scotland has paved the way in banking since it was established.

We have a single, simple purpose – to serve customers well. This is at the core of our ambition to build a bank known for its consistent, high quality customer service. We want to be trusted, respected and valued by our customers, shareholders and communities.

The NHS Health Check is a free check-up of your overall health. It can tell you whether you're at higher risk of getting certain health problems, such as: heart disease.

Can you get a full check up at the doctors? Yes — you can receive health checks your GP surgery, local pharmacy, or even your local library or leisure centre. Find NHS health check locations in your area.

You are eligible for an NHS Health Check every 5 years if you're between 40 and 74 years of age. You may get an automatic invitation from the surgery or your local authority. If you do not get an invite, but think you're eligible, please contact the practice.

The NHS Health Check is a free health check-up for adults in England aged 40 to 74. It's designed to spot early signs of stroke, kidney disease, heart disease, type 2 diabetes or dementia.