RBS deputy to receive £517,000-a-year pension

The last member of former Royal Bank of Scotland boss Fred Goodwin's failed top team is set to leave the group with a £517,000 (€585,529)-a-year pension.

Deputy chief executive Gordon Pell, who earned £908,000 (€1m) last year, will retire from the part-nationalised British bank early next year at the age of 60 with a pension pot worth £9.8m (€11.1m).