Alison Rose to nonetheless make £2.4 million wage after resigning amid Farage controversy

Aug 23, 2023 at 2:35 PM

However, this salary might nonetheless be clawed again by NatWest, relying on the result of an investigation into her revealing ofcertain info relating to Mr Farage’s account. In addition, risk of a bigger buyout is unsure, as NatWest mentioned choices about different payments “will be made taking into account the findings of the Investigations, as appropriate”.

Rose will obtain her £1.16 million mounted pay and her a fixed-share allowance of the identical worth, which is launched over 5 years, whereas she is on 12-month gardening depart. She stepped down as head of the banking large after revealing that she had supplied info to a BBC reporter that led to an inaccurate report relating to the closure of Nigel Farage’s account with Coutts.

A NatWest Group spokesperson mentioned: “Like other employees where an investigation outcome is pending, Alison is currently receiving her fixed pay. This in line with her contractual notice period and remains under continual review, as the independent investigation continues.

“As previously confirmed, no decision on her remuneration will be taken until the relevant investigations are complete.”

Rose’s wage shall be partially funded by the taxpayer, because the Government owns 39% of NatWest, having rescued the financial institution throughout the Global Financial Crisis.