View more on these topics

Cameron: ‘Goodwin could be stripped of his title’

Former Royal Bank of Scotland chief executive Sir Fred Goodwin (pictured) could be stripped of his knighthood, Prime Minister David Cameron has said.

Cameron said the knighthood awarded to Goodwin will be referred to the honours forfeiture committee, where it will be decided whether the strip him of the title or not.

According to reports, the Prime Minister said the committee, which has the power to strip people of their honours, would take into account the FSA’s recent report into the failure of RBS, which he presided over. RBS had to be rescued by the Government in 2008 after making a £24.1bn loss.

In December, business secretary Vince Cable suggested Goodwin may face criminal charges after the report revealed the bank’s directors broke UK accountancy laws.


News and expert analysis straight to your inbox

Sign up


There are 11 comments at the moment, we would love to hear your opinion too.

  1. Do these UK accountancy laws cover government embelishment and mismanagement of public funds?

  2. There are a good few other people who ought to be stripped of certain things for their part in the near collapse of RBS. The words criminal and negligence spring readily to mind.

  3. Lord Strummerville 19th January 2012 at 2:26 pm

    Has Goodwin officially been struck off or censured by the FSA? If not, I don’t think there’s a case for forfeiture.

    As an alternative, maybe everyone – Money Marketing included, could simply stop using his title and justr refer to him as ‘Mr Goodwin’. What’s he going to do – sue?

  4. No more “Sir Fred the Shred”?

  5. No doubt Cameron will strip Goodwin of his title and hand it over to sir Hector.

  6. @Lord Strummerville

    How do you like the sound of Mr Adair Turner?

    Gongs for failure, don’t you just love the ‘system’?

  7. The questions is…how did he get the knighthood in the first place?

    Ah yes, that’d be buy buying it through wining and dining politicians.

    The entire honours system has become a joke. It used to be an aspiration. Now it’s more of an embarrassment.

  8. Still want to know why this guy is not facing criminal procedures – this is an absolute disgrace.

  9. Bugger the knighthood! Strip him of his ludicrous pension!

  10. i am not an apologist for Mr Goodwin, but the last person to suggest he was stripped of his pension was Harrier Harperson. The idea of being at one with Harriet leaves me cold.

    We have an economy to rebuild. Let sleeping dogs lie

  11. Angry of Mayfair 24th January 2012 at 6:18 am

    I would not hold your breath on this one. It must be fairly obvious by now that Cameron the capon, just like the last one before, leads a government of millionaires for millionaires.

    Elsewhere in Europe, lets remember, anyone in charge of a failed bank has been bankrupted (Ireland) or has been forced to hand bank their bonuses (Germany) or the bank itself has just been left to die (Denmark). German “bonuses” are also interesting in that usually come in the form of hundreds of thousands of Euros, not millions

    You now where Cameron’s priorities really lie when Goodwin not only keeps his medal, but also his pension and Applegarth remains unpunished unlike those who served below him

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm