RBS doubling Goodwin's pension 'wrong', MPs hear

The ?16m pension pot for former Royal Bank of Scotland chief executive Sir Fred Goodwin is a "reward for failure" and a "golden parachute", the chairman of the body looking after the ?37bn of taxpayer funds in the bailed out banks said today. Glen Moreno, the acting chairman of UK Financial Investments (UKFI), told the Treasury select committee of MPs that Goodwin's pension should not have been doubled when the former RBS board left in January. "I have to say that I regard this completely as reward...