Beleaguered RBS is to pay out a pension even larger than Sir Fred Goodwin's controversial £12.3m retirement pot.
Gordon Pell, deputy chief executive of the bailed-out bank, will receive a pension of £582,000 a year from his £13.58m pot. Pell's pension was increased by £65,000 a year in 2009 according to th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
