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| Version 0 | Version 1 |
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| Goodwin offers to reduce pension | Goodwin offers to reduce pension |
| (10 minutes later) | |
| Former Royal Bank of Scotland boss Sir Fred Goodwin has offered to reduce his pension by £200,000 a year. | Former Royal Bank of Scotland boss Sir Fred Goodwin has offered to reduce his pension by £200,000 a year. |
| The reduction would cut the value of his pension pot by about £4m, but it would still leave him with a pension of about £350,000 a year. | The reduction would cut the value of his pension pot by about £4m, but it would still leave him with a pension of about £350,000 a year. |
| The offer to reduce his highly-criticised pension came under a threat of legal action from RBS. | The offer to reduce his highly-criticised pension came under a threat of legal action from RBS. |
| BBC business editor Robert Peston says the bank is likely to accept Sir Fred Goodwin's offer. | BBC business editor Robert Peston says the bank is likely to accept Sir Fred Goodwin's offer. |
| The question is whether the government, which owns 70% of RBS, will accept it. | The question is whether the government, which owns 70% of RBS, will accept it. |
| Ministers may oppose the deal because it would still leave Sir Fred with a bigger pension than he would have received if he had been dismissed instead of leaving on agreed terms. | |
| He currently receives £703,000 a year from RBS, which collapsed while he was in charge. |