Page last updated at 16:10 GMT, Thursday, 26 February 2009

Goodwin vows to keep pension

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The Government has urged the former chief executive of the Royal Bank of Scotland to give up his 650,000 yearly pension.

Sir Fred Goodwin, who's 50, has been widely blamed for steering the bank to the brink of collapse last year, when it was bailed out by the government.

The bank has reported a record loss of 24.1bn, the largest annual loss in UK corporate history.

Robert Peston reports.

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