{"id":34420,"date":"2016-11-15T19:51:14","date_gmt":"2016-11-15T12:51:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/"},"modified":"2016-11-15T19:58:59","modified_gmt":"2016-11-15T12:58:59","slug":"pension-exit-fees-capped-at-1","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-fees-capped-at-1\/","title":{"rendered":"Pension exit fees capped at 1%"},"content":{"rendered":"


\nOver-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 proposing that early exit charges for money purchase workplace pension schemes be capped at 1%. That could make a huge difference to some workers: it has emerged that some employer schemes impose a maximum exit charge of up to 24%, which would take a huge chunk out of an individual\u2019s pot. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension exit fees capped at 1%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over-55s wishing to cash in their workplace or personal pension pots early will pay a...<\/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-34420","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\/p75ss1-8Xa","jetpack-related-posts":[{"id":1969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","url_meta":{"origin":34420,"position":0},"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":14464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-charges-to-be-capped-at-1-under-fca-proposals\/","url_meta":{"origin":34420,"position":1},"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":34420,"position":2},"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":6712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-pension-warning-despite-rise-in-take-up-of-workplace-schemes\/","url_meta":{"origin":34420,"position":3},"title":"UK pension warning despite rise in take-up of workplace schemes","date":"March 3, 2016","format":false,"excerpt":"\r More than six in 10 workers paid into pension schemes in 2015, but millions are still unable to access themMore than six in 10 workers were signed up to workplace pensions in 2015 as automatic enrolment continued to be rolled out in companies.This was the highest number of workers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-to-buy-the-must-have-xmas-toys-plus-the-power-to-reduce-energy-bills\/","url_meta":{"origin":34420,"position":4},"title":"Where to buy the must-have Xmas toys, plus the power to reduce energy bills","date":"November 17, 2016","format":false,"excerpt":"\r Also, pension exit fees are capped and how payday loan firms hound vulnerable borrowersHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read more...Where to buy the must-have Xmas\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serious-fraud-office-warns-of-120m-pension-scam\/","url_meta":{"origin":34420,"position":5},"title":"Serious Fraud Office warns of \u00a3120m pension scam","date":"May 27, 2017","format":false,"excerpt":"\r Retirees have been persuaded to switch all their cash into schemes involving self-storage facilities and there are fears they may have lost huge sumsFears are growing that large numbers of people may have lost huge sums of money after investing their retirement pots in \u2013 of all things \u2013\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\/34420"}],"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=34420"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}