RBS deputy's pension trumps Goodwin payout

Gordon Pell, deputy CEO of the bailed-out bank, will receive a pension of £582,000 a year from his £13.58m pot. Last year, public outcry over Goodwin's £17m pension saw him agree to cut it to its current level. He will receive an inflation-protected income of £342,500 a year; compared to the £555,000 he was originally promised. Pell's pension was increased by £65,000 a year in 2009 according to the bank's annual reports, despite RBS making a loss. Up until now, Pell has escaped much of the criticism surround RBS's near-collapse, but he was closely involved in the bank's disastrous...