Resolution pays £143k to former HBOS finance chief

A former HBOS banker who signed off the firm's financial accounts in years leading up to its collapse collected £143,000 last year from life company consolidation vehicle Resolution.

Former finance chief Phil Hodkinson, who oversaw HBOS' books between 2005 and 2006, received four separate payouts for his part-time role at Resolution, the Daily Mail reports. As senior independent director on the board, he received £25,000 on top of his basic fee of £67,500. He also received £25,000 for sitting on the group's audit committee, £10,000 for being on the nomination committee, and a further £15,000 for his role on the remuneration committee. His total of £142,500 compares to £128,000 the previous year for the same role. Resolution is in the process of integrating i...