Former NatWest boss Dame Alison Rose to receive £2.4m payout after resigning over Farage scandal

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Former NatWest boss Dame Alison Rose to receive £2.4m payout after resigning over Farage scandal
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Former NatWest boss Dame Alison Rose, who quit over the handling of the closure of Nigel Farage’s bank account, will receive a £2.4m pay package.

The company has said it will continue to review her planned pay and bonus payouts in relation to ongoing investigations into her actions surrounding a row over Nigel Farage's account.

She resigned after she admitted to being the source of an inaccurate story about Mr Farage's finances following a discussion with a BBC journalist.The firm announced today it will pay her £1.155 million in salary for the year, £1.155 million in NatWest shares - which she will receive over a five-year period - and £115,566 in pension payments.

It added that policies allowing the company to potentially "claw back" bonus payments will apply to the former boss. NatWest Group chairman Sir Howard Davies said in July: "The Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. It is a sad moment.

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