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Budget victory for FSA

Donald Cruickshank&#39s recommendation to give the Financial Services Authority additional duties to regulate competition was rejected in the Mini-Budget.


The move is seen as a victory for FSA chief executive and chairman Howard Davies who will not be forced to ensure the market place in financial services is competitive.


Instead the Office of Fair Trading and a new competition commission will be charged with scrutinising the market to ensure it works fairly.

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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