Ministers are considering suing the two directors who negotiated Sir Fred Goodwin's £16.9m pension amid claims they may have misled RBS executives and the Government over the payment, according to The Telegraph .
Lord Myners, the City minister, said yesterday that the decision to pay Sir Fred his full pension from the age of 50 was "quite extraordinary" and "clearly contrary" to the principles stipulated by the Government. He named Sir Tom McKillop, the former RBS chairman, and Bob Scott, another director, as those responsible for negotiating the deal and indicated that they may have acted improperly by creating an "elaborate ruse". However, the Conservatives accused Lord Myners of seeking to deflect attention from his own role in the scandal by criticising the actions of RBS executives. BRITA...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
