Goodwin to give up pension

The former banker, who was blamed for bringing RBS to the brink of collapse late last year, has offered to give up £200,000 a year of the pension after widespread criticism. The reduction cuts the total value of Goodwin's pension pot by around £4m, but will still leave him with a sizeable payout each year. Goodwin had been threatened with legal action over the pension deal by RBS shareholders, and the Government had also been highly critical of the deal. [email protected] IFAonline