Ken Clarke surrenders £750k grace-and-favour pension

Laura Miller
clock

Tory MP Ken Clarke has given up the lucrative grace-and-favour pension pot he is entitled to as Lord Chancellor.

The benefit allows the holder of the office to 50% of their salary every year on retirement. Official documents on the Parliament website state the Lord Chancellor's ministerial entitlement is £...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dalriada launches DC tool for AVCs, Clara to switch up to 35% of assets into private markets, and a Hymans Robertson report

Professional Pensions
clock 11 April 2025 • 1 min read
Challenges remain as UK economy beats growth expectations in February

Challenges remain as UK economy beats growth expectations in February

UK economic outlook still 'downbeat'

Sorin Dojan
clock 11 April 2025 • 2 min read
TPR launches videos as part of campaign to get industry dashboard ready

TPR launches videos as part of campaign to get industry dashboard ready

Regulator says many schemes still hold out of date value information

Holly Roach
clock 11 April 2025 • 1 min read
Trustpilot