{"id":22891,"date":"2016-08-15T06:01:08","date_gmt":"2016-08-14T23:01:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirees-prove-more-prudent-than-expected-after-pension-freedoms\/"},"modified":"2016-08-15T06:09:23","modified_gmt":"2016-08-14T23:09:23","slug":"retirees-prove-more-prudent-than-expected-after-pension-freedoms","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirees-prove-more-prudent-than-expected-after-pension-freedoms\/","title":{"rendered":"Retirees prove more prudent than expected after pension freedoms"},"content":{"rendered":"


\nA 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 could buy Lamborghinis should they wish to do so after the rules forcing people to buy annuities were swept away in April 2015. This fanned fears that pensioners might blow their cash on cruises or pour it all into buy-to-let properties. Continue reading…
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\nSource : theguardian.com
\nRead more…Retirees prove more prudent than expected after pension freedoms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A year after compulsory annuities were abolished, pensioners are withdrawing around 4% a year from...<\/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-22891","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\/p75ss1-5Xd","jetpack-related-posts":[{"id":11068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministers-to-discuss-fate-of-pensioners-trapped-with-annuities\/","url_meta":{"origin":22891,"position":0},"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":5694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tax-trap-fears-grow-after-osborne-pensions-shakeup\/","url_meta":{"origin":22891,"position":1},"title":"Tax trap fears grow after Osborne pensions shakeup","date":"August 7, 2014","format":false,"excerpt":"\r Data shows pensioners may pay \u00a33.6bn more in tax after raiding pension pots as critics warn of 'one-man mis-selling scandal'Pensioners stand to lose \u00a33.6bn in additional tax payments from next April as concerns grow that the freedom from annuities unveiled by George Osborne as the centrepiece of the 2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-big-thank-you-to-george-osborne-from-the-pensioners-of-britain\/","url_meta":{"origin":22891,"position":2},"title":"A big thank you to George Osborne \u2013 from the pensioners of Britain","date":"August 6, 2016","format":false,"excerpt":"\r Annuities were compulsory until the then chancellor freed pensioners to do what they liked with their money. Today, the income from them is pitifulIt\u2019s not a line you\u2019re likely to see often in the Guardian, but thank you George Osborne for the towering achievement of your reign as chancellor:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-overhaul-could-trigger-raft-of-mis-selling-claims-warns-watchdog\/","url_meta":{"origin":22891,"position":3},"title":"Pensions overhaul could trigger raft of mis-selling claims, warns watchdog","date":"February 24, 2016","format":false,"excerpt":"\r National Audit Office suggests freedoms introduced last April, which allow pensioners to cash in savings, could lead to widespread exploitationGeorge Osborne\u2019s pension overhaul could trigger the next major wave of mis-selling claims, according to a report by the public spending watchdog. The National Audit Office has highlighted concerns that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30605,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasury-carries-out-major-u-turn-on-pension-annuities\/","url_meta":{"origin":22891,"position":4},"title":"Treasury carries out major U-turn on pension annuities","date":"October 19, 2016","format":false,"excerpt":"\r Former chancellor George Osborne\u2019s plan to allow pensioners to sell existing annuities too risky, suggests ministerPlans to allow millions of people to raise money by selling their pension annuities have been scrapped by the government, amid warnings that it could have turned into \u201cthe next big mis-selling timebomb\u201d.In a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38125,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-considers-1m-compensation-limit-to-increase-protection-for-pensioners\/","url_meta":{"origin":22891,"position":5},"title":"FCA considers \u00a31m compensation limit to increase protection for pensioners","date":"December 14, 2016","format":false,"excerpt":"\r Financial Conduct Authority to review safeguards against risk of financial firms going bust as pensioners favour drawdown products to annuitiesThe maximum compensation someone can receive if an investment company goes bust could be increased from its current \u00a350,000 to as much as \u00a31m, the UK\u2019s main financial watchdog has\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\/22891"}],"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=22891"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}