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.
In view of the government pressure on her position, Dame Alison resigned abruptly last month after four years in office.
It followed her confession that when Mr Farage complained about being cut off from the banking system because of his political views, she had talked to a BBC journalist about bank details with him.
She claimed that his account with the Coutts department of the Bank had been shut down just for commercial reasons, not political ones.
On Wednesday, the bank said that, in accordance with her contract, Dame Alison had exercised her 12 month notice period and insisted that no final decisions had been taken on this matter or on the level of her remuneration.
However, it confirmed that, for the year, she could have received a salary of £1.155 million, a share of NatWest of £1.155 million and a pension of £115,566.
The group stated that the share awards had to be vested for a period of five years.
The Board has not decided whether it will try to recover past remuneration arising from her performance and stated that the matter would be part of its review.
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