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Capita Sipps could shed 520 jobs

Capita Self Invested Pensions has warned staff that 520 jobs are at risk in its Salisbury and Mumbai operations.

The potential job cuts come as part of an internal consultation, which started yesterday.

A Capita spokeswoman says the firm could not give an exact number on the redundancies, but says the final number is likely to be less than 100.

She says: “This decision follows a review of our operations against a background of significant, but necessary, increased efficiency and the need, because of market conditions, to drive further efficiencies into the business.”


Early decision on PSB

The financial services industry has welcomed the FSA’s decision to accelerate consultation on the Professional Standards Board, which could see it gain statutory powers three years earlier than planned.


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