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23 Nov 2009
Administrators from KPMG are earning a million pounds a month while managing Dunfermline Building Society.
KPMG's team is looking to sell around a £1bn of the society's loan book and bonds, but is currently holding onto them to collect revenue and restructure them, reported the Scotland on Sunday.
Advisers have also claimed £121,000 in expenses.
SNP MEP Alyn Smith said in the report that advisers were making £1m a month while interest rates to businesses were being hiked.
A KPMG spokesman was reported saying that the fee had been approved by the Treasury, and some of its specialists had been brought in from around the UK and were staying in flats rather than hotels to keep down costs.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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