Nigel Farage has described as “a sick joke” revelations that ex-NatWest boss Dame Alison Rose could receive a pay package worth more than £2.4m in the wake of her resignation over her handling of his de-banking row.
Dame Alison resigned last month, abruptly ending her four-year tenure, amid government pressure on her position.
It followed her admission that she had discussed the former UKIP party leader’s bank details with a BBC journalist as Mr Farage complained he was being frozen out of the banking system for his political views.
She suggested his account at the bank’s Coutts division had been closed only for commercial, rather than any political, reasons.
But Mr Farage said a subject access request from the NatWest Group had declared his account was “commercially viable” and the dossier suggested he was ditched because his political beliefs did not align with the lender’s own.
Her subsequent resignation also followed criticism that she had broken the first rule of banking – client confidentiality.
The bank, which gave no details of her remuneration arrangements at the time, said on Wednesday that Dame Alison was seeing out her 12 month notice period as per her contract.
It revealed on Wednesday that she was due to receive £1.155m in salary for the year, £1.155m in NatWest shares and pension payments of £115,566.
The share awards are due to vest over a five-year period, the group added.
But it said the board was yet to decide if it would attempt to claw back past bonus awards related to her performance and added the sums expected were not guaranteed.
Read more:
NatWest boss cut loose…
