RBS faces shareholder rebellion over chief executive’s pension

Investor groups raise red flags over CEO receiving annual payments worth 35% of salary

A shareholder rebellion is brewing before Royal Bank of Scotland’s annual general meeting as investor groups raise red flags over a pay policy that involves the chief executive receiving £350,000 per year in pension payments.

The Investment Association (IA) and individual shareholder society ShareSoc have released reports raising concern over pension payments for the bank’s CEO, Ross McEwan, which are out of line with the rest of its workforce.

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