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Sir Fred 'won't give up pension' Sir Fred 'won't give up pension'
(9 minutes later)
Ex-Royal Bank of Scotland boss Sir Fred Goodwin has rejected calls to give up his £650,000-a-year pension.Ex-Royal Bank of Scotland boss Sir Fred Goodwin has rejected calls to give up his £650,000-a-year pension.
Chancellor Alistair Darling had asked him to hand back his £16m pension pot amid anger about rewards for failure.Chancellor Alistair Darling had asked him to hand back his £16m pension pot amid anger about rewards for failure.
But Sir Fred rejected that request in a letter to the Treasury in which he also suggests ministers agreed to the deal.But Sir Fred rejected that request in a letter to the Treasury in which he also suggests ministers agreed to the deal.
Mr Darling says that the government had thought the deal was legally binding when it was agreed in October, but now realised they could have blocked it.Mr Darling says that the government had thought the deal was legally binding when it was agreed in October, but now realised they could have blocked it.