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EU introduces data roaming limits
From 1st July 2010, individuals who use their smart phone – known as data roaming – or laptop to surf the internet while in another EU country will be protected from running up large bills.
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Home owners given new protection
The Financial Services Authority (FSA) has introduced new rules to ensure individuals who fall behind with their mortgage payments receive fair treatment from their lenders.
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Shareholders to be involved in governance of major institutions
A stewardship code has been launched by the Financial Reporting Council, designed to increase the involvement of large-scale investors in the running of major companies.
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Planning for the removal of the default retirement age
In the Budget, the Conservative-Liberal Democrat coalition announced plans to quickly phase out the current default retirement age (DRA) from April 2011. While this will be welcome news for the 62 percent of over 65s who want to continue working (according to Prudential’s Class of 2010 retirement survey), many business will not be quite so keen.
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