March 7th, 2009
Pension clkamour at RBS
A member of the British Houses of Parliament has raised the issue of the comparison of the enormous pension being paid to Sir Fred Goodwin, disgraced ex chairman of RBS, and those unfortunate people in financial difficulties who are contemplating taking IVA advice.
Sir Fred Goodwin was the chairman of RBS, and is credited ( perhaps discredited should be a better word) for wrecking what was once a proud Scottish bank. This man, who has caused misery for millions was awarded a Knighthood for services to banking, would you believe.
At the age of 50, he is walking off with an annual pension of nearly £700,000 per annum.
Many thousands of people, who cannot pay their bills, have lost their jobs are being forced ino bankruptcy or an IVA by the very banks who caused the problems.
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