{"id":148155,"date":"2024-11-14T14:39:50","date_gmt":"2024-11-14T07:39:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-pensions-megafunds-plan-could-hurt-savers-renters-face-chasm-as-demand-outstrips-supply-business-live\/"},"modified":"2024-11-14T14:49:58","modified_gmt":"2024-11-14T07:49:58","slug":"uks-pensions-megafunds-plan-could-hurt-savers-renters-face-chasm-as-demand-outstrips-supply-business-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uks-pensions-megafunds-plan-could-hurt-savers-renters-face-chasm-as-demand-outstrips-supply-business-live\/","title":{"rendered":"UK\u2019s pensions megafunds plan \u2018could hurt savers\u2019; renters face \u2018chasm\u2019 as demand outstrips supply \u2013 business live"},"content":{"rendered":"


\nRolling coverage of the latest economic and financial newsReeves to announce \u2018megafunds\u2019 shake-up of local government pension schemeRachel Reeves has told the Financial Times that her plans will create eight pension \u201cmegafunds\u201d.She has told the Financial Times that these eight pools, worth an average \u00a350bn by 2030, would end the role of local councils in administering the money and boost \u201cfast-growing British businesses and infrastructure\u201d.\u201cEverything will go through the pools rather than through local authorities.This will deliver the megafunds that have eluded the UK for too long.\u201d\u201cAs the UK\u2019s largest pension provider, we warmly welcome today\u2019s announcement. These proposals will help get more savers into larger schemes that can offer better value and more opportunities for productive investment\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK\u2019s pensions megafunds plan \u2018could hurt savers\u2019; renters face \u2018chasm\u2019 as demand outstrips supply \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rolling coverage of the latest economic and financial newsReeves to announce \u2018megafunds\u2019 shake-up of local...<\/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-148155","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-CxB","jetpack-related-posts":[{"id":1542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-is-your-auto-enrolment-pension-faring\/","url_meta":{"origin":148155,"position":0},"title":"How is your auto-enrolment pension faring?","date":"October 3, 2015","format":false,"excerpt":"\r It\u2019s been three years since the pensions came into being. We look at how some of the millions of savers are doingIt was three years ago this week that the government kicked off a huge shake-up of retirement saving to get millions more people paying into a pension. Since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-british-savers-fully-cashed-out-pension-pots-on-retirement-after-rule-changes\/","url_meta":{"origin":148155,"position":1},"title":"Most British savers fully cashed out pension pots on retirement after rule changes","date":"January 8, 2016","format":false,"excerpt":"\r Financial Conduct Authority study finds 68% of pensions accessed between July and September were cashed out, raising concerns over investment decisionsMost British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-shakeup-in-budget-leaves-14bn-annuities-industry-reeling\/","url_meta":{"origin":148155,"position":2},"title":"Pension shakeup in budget leaves \u00a314bn annuities industry reeling","date":"March 21, 2014","format":false,"excerpt":"\r \u2022 Fears retirees will splurge cash or leave it to languish\u2022 Shares plunge as sector is forecast to contract hugelyThe dramatic liberalisation of Britain's pension system unveiled in the budget is likely to pump up house prices, spark a bonanza for estate agents, car dealers and cruise ship operators\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","url_meta":{"origin":148155,"position":3},"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":9194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-savers-response-to-pension-freedom-carry-on-as-before\/","url_meta":{"origin":148155,"position":4},"title":"British savers response to pension freedom? Carry on as before","date":"March 26, 2016","format":false,"excerpt":"\r Last year the over 55s were given the freedom to use their savings however they liked. Some opted for property, others for stocks \u2013 we look at how they all faredOn 6 April last year the shackles were taken off Britain\u2019s savers. No longer would they be required to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-still-beats-a-pension-say-retirement-savers\/","url_meta":{"origin":148155,"position":5},"title":"Property still beats a pension, say retirement savers","date":"February 6, 2018","format":false,"excerpt":"\r Despite tax burden on buy-to-let landlords, number who favour property is rising\r \r Source : ft.com\r Read more...Property still beats a pension, say retirement savers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148155"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=148155"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148155\/revisions"}],"predecessor-version":[{"id":148156,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148155\/revisions\/148156"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=148155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=148155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=148155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}