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Darling scorns rival HBOS bid

Chancellor Alistair Darling has shot down the dissenting Scottish bankers’ rival HBOS bid. He said: “There is no automatic right of access to the recapitalisation scheme. At a minimum, HM Treasury would expect a plan to meet an appropriate level of capitalisation and a sustainable business model and delivery plan.”

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Providers hit back at Hargreaves

The structured product industry has hit back at Hargreaves Lansdown chief executive Peter Hargreaves for suggesting that providers are only ever interested in making a profit.

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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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