{"id":14464,"date":"2016-05-26T14:57:00","date_gmt":"2016-05-26T07:57:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-charges-to-be-capped-at-1-under-fca-proposals\/"},"modified":"2016-05-26T15:10:41","modified_gmt":"2016-05-26T08:10:41","slug":"pension-exit-charges-to-be-capped-at-1-under-fca-proposals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-charges-to-be-capped-at-1-under-fca-proposals\/","title":{"rendered":"Pension exit charges to be capped at 1% under FCA proposals"},"content":{"rendered":"


\nRegulator wants to limit charges for people cashing in pots before retirement age, and ban exit fees in future pension contractsThe Financial Conduct Authority has proposed a 1% cap on exit charges for people cashing in their pensions before retirement age along with a ban on exit fees in future pension contracts.Britain\u2019s financial watchdog is taking action after the chancellor, George Osborne, pledged in January to tackle the \u201crip-off\u201d charges levied on people aged 55 and over who want to make use of the pension freedoms introduced in April last year. The charges can run into thousands of pounds. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension exit charges to be capped at 1% under FCA proposals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Regulator wants to limit charges for people cashing in pots before retirement age, and ban...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14464","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Li","jetpack-related-posts":[{"id":1969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","url_meta":{"origin":14464,"position":0},"title":"'Rip-off' pension exit fees will be capped, says George Osborne","date":"January 19, 2016","format":false,"excerpt":"\r Government announces plan for financial regulator to cap \u2018prohibitive\u2019 charges levied on savers who wish to cash in pension potsThe government has announced plans to cap the \u201crip-off\u201d exit charges levied on savers who opt to cash in their pension pots as a result of the pension freedoms introduced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/","url_meta":{"origin":14464,"position":1},"title":"Pension exit fees capped at 1%","date":"November 15, 2016","format":false,"excerpt":"\r Over-55s wishing to cash in their workplace or personal pension pots early will pay a maximum of 1% in charges from 2017Some older workers should see a big fall in the fees they pay to access their company pension cash after the government announced plans to cap charges.Ministers are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-charges-capped-at-0-75\/","url_meta":{"origin":14464,"position":2},"title":"Pension charges capped at 0.75%","date":"March 27, 2014","format":false,"excerpt":"\r Government announces cap with effect from April 2015, a move that could spare savers fees worth up to \u00a3200m a yearFees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.Steve Webb, the Lib Dem\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-chief-cautions-over-relying-on-property-to-fund-retirement\/","url_meta":{"origin":14464,"position":3},"title":"FCA chief cautions over relying on property to fund retirement","date":"September 16, 2016","format":false,"excerpt":"\r Andrew Bailey defends pension saving as key part of preparing for old age, countering comments by Bank of England economistBritain\u2019s top financial regulator has launched a staunch defence of pension saving as a key part of preparing for old age, countering comments by the Bank of England\u2019s chief economist\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","url_meta":{"origin":14464,"position":4},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 11, 2019","format":false,"excerpt":"\r Loans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-it-may-intervene-as-millions-take-pension-cash-early\/","url_meta":{"origin":14464,"position":5},"title":"FCA warns it may intervene as millions take pension cash early","date":"July 12, 2017","format":false,"excerpt":"\r Report by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could face financial insecurity The TUC has warned that millions of workers risk being \u201cplunged into insecurity in old age\u201d after an official report revealed a surge of people grabbing their pension cash early without\u2026","rel":"","context":"In "Property 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