{"id":17822,"date":"2016-06-27T16:55:20","date_gmt":"2016-06-27T09:55:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/annuities-take-a-hit-as-rates-fall-following-brexit\/"},"modified":"2016-06-27T17:07:08","modified_gmt":"2016-06-27T10:07:08","slug":"annuities-take-a-hit-as-rates-fall-following-brexit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/annuities-take-a-hit-as-rates-fall-following-brexit\/","title":{"rendered":"Annuities take a hit as rates fall following Brexit"},"content":{"rendered":"


\nRetirees thinking of using their pension to buy an annuity to fund their retirement are advised to buy sooner rather than laterThe first direct hit on pensions from Brexit came on Monday morning, as pension companies began to cut the amount they will pay people who are newly retiring.Just Retirement and Retirement Advantage have both announced cuts to their annuity rates, and experts said more were likely to follow. Just Retirement\u2019s rates are down by around 2%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Annuities take a hit as rates fall following Brexit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retirees thinking of using their pension to buy an annuity to fund their retirement are...<\/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-17822","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\/p75ss1-4Ds","jetpack-related-posts":[{"id":21110,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-negotiate-the-pensions-minefield-in-brexit-britain\/","url_meta":{"origin":17822,"position":0},"title":"How to negotiate the pensions minefield in Brexit Britain","date":"July 27, 2016","format":false,"excerpt":"\r The vote to leave the EU has seen annuity rates fall sharply. But would-be retirees still have other options Margaret Lawson is relieved that she bought an annuity in April before the rates sank any further. It was an astute decision by the 66-year-old dairy farmer. Since the vote\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":17822,"position":1},"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":11068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministers-to-discuss-fate-of-pensioners-trapped-with-annuities\/","url_meta":{"origin":17822,"position":2},"title":"Ministers to discuss fate of pensioners trapped with annuities","date":"March 12, 2015","format":false,"excerpt":"\r Hope for millions of retirees who will not benefit from pension \u2018freedom day\u2019, according to new report Pensioners who are locked into an annuity to provide them with retirement income may be allowed to sell the policy under measures reportedly being discussed by ministers on Friday.The 2014 budget announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-will-put-75-of-workers-at-risk-of-pension-shortfall\/","url_meta":{"origin":17822,"position":3},"title":"Brexit will put 75% of workers at risk of pension shortfall","date":"August 28, 2016","format":false,"excerpt":"\r People will have to save more for pensions to have income they were on course for before Britain voted out, say City expertsThe Brexit vote is having \u201cterrifying\u201d effects on the pension schemes of millions of British workers, with 75% of people now expected to have a retirement income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirees-prove-more-prudent-than-expected-after-pension-freedoms\/","url_meta":{"origin":17822,"position":4},"title":"Retirees prove more prudent than expected after pension freedoms","date":"August 15, 2016","format":false,"excerpt":"\r A year after compulsory annuities were abolished, pensioners are withdrawing around 4% a year from their potsBritish workers reaching retirement have proved to be more prudent than many believed they would be after receiving new pensions freedoms a year ago.The pensions minister at the time, Steve Webb, said pensioners\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-pots-can-be-used-to-buy-lamborghinis-says-minister\/","url_meta":{"origin":17822,"position":5},"title":"Pension pots 'can be used to buy Lamborghinis', says minister","date":"March 21, 2014","format":false,"excerpt":"\r Steve Webb says government doesn't mind if wealthy people near retirement blow savings on sports cars, in budget defenceAffluent people approaching retirement should be free to blow their pension pot on a Lamborghini even if they end up relying on the state for support, a minister said on Thursday\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\/17822"}],"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=17822"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17822\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=17822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=17822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=17822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}