{"id":1969,"date":"2016-01-19T23:39:32","date_gmt":"2016-01-19T16:39:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/"},"modified":"2016-01-19T23:40:44","modified_gmt":"2016-01-19T16:40:44","slug":"rip-off-pension-exit-fees-will-be-capped-says-george-osborne","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","title":{"rendered":"'Rip-off' pension exit fees will be capped, says George Osborne"},"content":{"rendered":"


\nGovernment 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 in April last year.George Osborne said on Tuesday that the government will place a duty on the financial regulator to cap \u201cprohibitive\u201d exit fees, which can run into thousands of pounds and stop consumers from accessing their funds early. Continue reading…
\n
\nSource : theguardian.com
\nRead more…‘Rip-off’ pension exit fees will be capped, says George Osborne<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Government announces plan for financial regulator to cap \u2018prohibitive\u2019 charges levied on savers who wish...<\/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-1969","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-vL","jetpack-related-posts":[{"id":14464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-charges-to-be-capped-at-1-under-fca-proposals\/","url_meta":{"origin":1969,"position":0},"title":"Pension exit charges to be capped at 1% under FCA proposals","date":"May 26, 2016","format":false,"excerpt":"\r Regulator 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\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":1969,"position":1},"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":34420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/","url_meta":{"origin":1969,"position":2},"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":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":1969,"position":3},"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":16064,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savers-paying-up-to-10-to-cash-in-pension-pots\/","url_meta":{"origin":1969,"position":4},"title":"Savers 'paying up to 10%' to cash in pension pots","date":"June 10, 2016","format":false,"excerpt":"\r Citizens Advice says 41% of people who want to access their cash are charged a fee, and those with smallest pots hit hardestAbout 160,000 people have had to pay fees to access their pensions since new freedoms were introduced, with some seeing more than 10% of their retirement pot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ex-pensions-minister-is-still-worrying-about-pensions-we-should-too\/","url_meta":{"origin":1969,"position":5},"title":"Ex-pensions minister is still worrying about pensions. We should too","date":"May 7, 2016","format":false,"excerpt":"\r Ten million people will find their retirement payout isn\u2019t adequate. Steve Webb has an idea that may fix the biggest issue facing pension savers in BritainI met up with Steve Webb this week, the highly regarded pensions minister in the coalition government for five years until he lost his\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\/1969"}],"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=1969"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/1969\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=1969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=1969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=1969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}