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Tuesday, March 31, 2009

Myners knew about Goodwin's pension

From today's FT.....

Lord Myners, City minister, was told of Sir Fred Goodwin’s “enormous” pension rights and made no effort to stop the ex-chief executive of Royal Bank of Scotland receiving them, the former chairman of the rescued bank said on Tuesday.

Sir Tom McKillop, in a letter to MPs, denied claims by Lord Myners that RBS had engaged in an “elaborate ruse” to double Sir Fred’s pension to £703,000 a year, and accused him of making “unfair and unjustified” allegations.


Who is going to take the long walk first; Jacqui Smith or Lord Myners? It is a tough question, but I think the answer will come to us very quickly.

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