{"id":1538,"date":"2015-10-26T23:14:36","date_gmt":"2015-10-26T16:14:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-workers-will-be-worse-off-at-retirement-under-new-universal-state-pension\/"},"modified":"2016-01-15T06:48:55","modified_gmt":"2016-01-14T23:48:55","slug":"most-workers-will-be-worse-off-at-retirement-under-new-universal-state-pension","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-workers-will-be-worse-off-at-retirement-under-new-universal-state-pension\/","title":{"rendered":"Most workers 'will be worse off at retirement' under new universal state pension"},"content":{"rendered":"


\nAnalysis by financial experts shows less than half of people retiring next year will pick up full new state pension and says majority will lose out long termMost workers reaching retirement will be worse off under the new universal state pension, expected to be set at \u00a3155 a week, according to a highly critical analysis of secretary of state Iain Duncan Smith\u2019s flagship policy. On paper, the new state pension, starting on 6 April next year, will be much higher than the current maximum \u00a3115.95 a week basic state pension. The exact figure has not yet been set, but it is expected to be around \u00a3155. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Most workers ‘will be worse off at retirement’ under new universal state pension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysis by financial experts shows less than half of people retiring next year will pick...<\/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-1538","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-oO","jetpack-related-posts":[{"id":6534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-a-20000-pension-youll-have-to-put-aside-a-quarter-of-your-salary\/","url_meta":{"origin":1538,"position":0},"title":"Want a \u00a320,000 pension? You'll have to put aside a quarter of your salary","date":"May 26, 2012","format":false,"excerpt":"\r Scottish Widows report highlights a yawning gap between what people expect to receive on retirement and the grim realityRetirement savings have hit a record low, with the number of people putting aside money for a pension falling by 5% last year alone, according to a report this week. Meanwhile,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-inequalities-to-persist-despite-pension-reforms\/","url_meta":{"origin":1538,"position":1},"title":"Retirement inequalities to persist despite pension reforms","date":"March 1, 2016","format":false,"excerpt":"\r Changes to state and private pension have seen improvements for women, disabled people and ethnic minorities, but an ongoing lack of opportunities in the labout market means they will still retire on less Women, disabled people and those from ethnic minority groups will continue to be worse off in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34958,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/self-employed-face-retirement-poverty-without-pension-reform\/","url_meta":{"origin":1538,"position":2},"title":"Self-employed face retirement poverty without pension reform","date":"November 19, 2016","format":false,"excerpt":"\r Experts say the government needs to act to let gig economy workers benefit from flagship auto-enrolment pension schemesWorkers in the burgeoning gig economy face poverty in retirement unless the government acts to change its flagship pension policy and makes it easier for them to save, experts have warned.The pensions\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6588,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/workers-need-to-put-15-of-income-into-pension-report-says\/","url_meta":{"origin":1538,"position":3},"title":"Workers need to put 15% of income into pension, report says","date":"March 2, 2016","format":false,"excerpt":"\r Saving more than three times the present average is necessary to have enough cash in retirement, review for Labour party findsWorkers need to put 15% of their earnings into a pension pot, according to a review for the Labour party, which has warned about a return to working until\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-can-you-make-your-pension-last-at-least-20-years-patrick-collinson\/","url_meta":{"origin":1538,"position":4},"title":"Retirement \u2013 can you make your pension last at least 20 years? | Patrick Collinson","date":"April 7, 2018","format":false,"excerpt":"\r The government should be providing a low-cost service to manage your retirement fundsThis week millions of workers will be forced to save more into a pension, as \u201cauto-enrolment\u201d takes a 3% cut from pay packets, and employers are obliged to chip in a further 2% of salary. Next year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22775,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-scandalous-changes-to-company-pension-schemes\/","url_meta":{"origin":1538,"position":5},"title":"The scandalous changes to company pension schemes","date":"August 13, 2016","format":false,"excerpt":"\r Every time an employer closes a final salary scheme and moves workers to a \u2018defined contribution\u2019 one, it shifts all the risk onto themA man in his 40s receives a pension projection that tells him his retirement income is going to collapse from the \u00a338,000 he was expecting to\u2026","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\/1538"}],"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=1538"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/1538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=1538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=1538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=1538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}