A natural disaster, national outrage and a slanging match in Parliament between the FSA and MPs. Seven days is a long time in finance.
Japan's monster quake on Thursday night sent markets crashing, with all the major indices dropping at least a percent. The disaster measured 8.8 on the Ritcher scale and killed hundreds. Pension reform dominated the national debate this week. Final salary public sector pensions will be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said on Thursday morning. Teachers to fireman and the police are threatening to revolt in widespread strikes. Longstop is back on advisers' lips after FSA chief executive Hector Sants signalled a softening of the regulato...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
