'Deal' That Gave Fred's Pension an Extra [Pounds Sterling]300,000; ROYAL BANK OF SCOTLAND

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Byline: Michael Lea Political Correspondent

SIR Fred Goodwin walked away with an extra [pounds sterling]300,000 a year through either 'a nod and a wink' deal or 'sheer blundering incompetence' by the City minister, it was claimed yesterday.

The disgraced former RBS boss brokered a payoff with former colleagues which saw his pension almost double from [pounds sterling]416,000 to [pounds sterling]703,000 a year.

City minister Lord Myners was told of the size of the [pounds sterling]16million pension pot.

But he failed to pin down that part of the package was discretionary - and therefore might have been stopped - before signing it off. The Government is now desperately …