Bank boss loses £2million
FORMER Royal Bank of Scotland chairman Sir Tom McKillop, who helped Sir Fred Goodwin claim his notorious £16 million pension payoff, has lost all of the £2million he had invested in the bank.
McKillop also tells Dispatches on Channel 4 TV tomorrow he did not get a pension from his three years at RBS. Dispatches claims Goodwin’s £700,000-a-year pension would have cost close to £30million had he bought it from a third party provider such as an insurance company.
The claim will heap more pressure on City minister Paul Myners, widely blamed for letting McKillop and his cronies get away with giving Goodwin his bumper pension.
Dispatches also makes extraordinary claims about Adam Applegarth, disgraced ex‑boss of Northern Rock.