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Egg to open branches says the FT

Online bank Egg is considering abandoning its internet only strategy by setting up a network of branches according to the Financial Times.

The move is the latest in a series of internet based companies such as stock broker Charles Schwab to concede a high street presence is necessary.

Egg chief executive Mike Harris says "There are 12 million people who are happy to use the bank that has a presence on the internet, on the phone and with cash machines but what about the other 28m?"

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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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