View more on these topics

RBS to reveal 300 staff earn more £1m

The Royal Bank of Scotland will reveal this week that 300 senior staff received pay packages averaging £1m each last year.

The figures are expected to be outlined in the group’s annual report, due to be published this Thursday. The Government currently holds an 83 per cent stake in the bank.

The report will also include details of the top five company earners outside the board, although individuals do not need to be named. It will be the first time RBS has disclosed senior pay deals since the FSA introduced its revised remuneration code in December, last year.

The company made a £1.1bn loss in 2010, largely due to the £1.1bn cost of taking up the Government’s Asset Protection Scheme.


News and expert analysis straight to your inbox

Sign up


    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