The Financial Service Authority would be done away with as just one of the proposals put forward at the Conservative Party conference yesterday, according to reports in The Daily Telegraph.
The party, if elected, would do away with the existing FSMA and replace the FSA, look to reform incapacity benefits, and implement changes in the area of pensions, the paper says. Richard Spring, shadow financial services minister has kicked off two months’ consultations on the FSA, with the intention of cutting back on the regulator’s powers in order to “encourage new business and enterprise and stop them getting bogged down”. David Willetts, shadow work and pensions secretary, says the proposals for incapacity benefit changes would focus on ensuring disabled people are put back to w...
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