Wednesday April 1, 2020

Revealed: Fingleton’s €28 million pension deal

The government is set for fresh confrontation with Irish Nationwide Building Society, after uncovering information that chief executive Michael Fingleton received a pension payout of almost €28 million from the state-guaranteed institution.

21st March, 2009

The government is set for fresh confrontation with Irish Nationwide Building Society, after uncovering information that chief executive Michael Fingleton received a pension payout of almost €28 million from the state-guaranteed institution.

In its 2007 annual report, Irish Nationwide said that one group pension scheme was transferred to another retirement benefit scheme outside of the group in January of that year. The net amount transferred was €27.6 million.

The annual report said that this represented full...

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