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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

NatWest scraps £7.6m of Alison Rose’s payout after Farage scandal

Alison Rose NatWest Nigel Farage UKIP United Kingdom
Alison Rose
NatWest has agreed to pay a maximum of £546,000 towards Alison Rose’s legal fees and ‘outplacement support’ as she seeks a new job. Photograph: Nicholas.T Ansell/PA

NatWest has scrapped almost £7.6m in potential payouts to Alison Rose, the banking group’s former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage’s bank accounts.

The board of NatWest said that after her resignation, future unvested share awards worth £4.7m would lapse and not be paid out.

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