Goodwin's £200,000 a year pension shred
Updated on 18 June 2009
Former RBS chief executive Sir Fred Goodwin is reported to have volunteered a £200,000 a year reduction in his pension.
Channel 4 News reported in April that Sir Philip Hampton, the new Royal Bank of Scotland chairman, had personally asked Sir Fred to return some of his pension voluntarily.
Sir Fred’s annual pension, an estimated £703,000, prompted widespread public anger earlier this year in the aftermath of the banking crisis in the UK.
