{"id":38125,"date":"2016-12-14T20:29:36","date_gmt":"2016-12-14T13:29:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-considers-1m-compensation-limit-to-increase-protection-for-pensioners\/"},"modified":"2016-12-14T20:44:06","modified_gmt":"2016-12-14T13:44:06","slug":"fca-considers-1m-compensation-limit-to-increase-protection-for-pensioners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-considers-1m-compensation-limit-to-increase-protection-for-pensioners\/","title":{"rendered":"FCA considers \u00a31m compensation limit to increase protection for pensioners"},"content":{"rendered":"


\nFinancial 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 suggested.The Financial Conduct Authority (FCA) said a rethink of the official compensation scheme relating to financial firms may be needed following the new freedoms on pensions introduced in 2015. Continue reading…
\n
\nSource : theguardian.com
\nRead more…FCA considers \u00a31m compensation limit to increase protection for pensioners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Conduct Authority to review safeguards against risk of financial firms going bust as pensioners...<\/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-38125","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\/p75ss1-9UV","jetpack-related-posts":[{"id":11102,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-fca-proposes-protections-for-people-planning-to-sell-annuity\/","url_meta":{"origin":38125,"position":0},"title":"Pensions: FCA proposes protections for people planning to sell annuity","date":"April 21, 2016","format":false,"excerpt":"\r City regulator says some may risk running out of money in retirement, and others may not realise the true value of their plan People considering selling their annuity should be given risk warnings by the firms involved, under proposals set out by the City regulator. From April 2017 people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-borrowers-with-mortgage-arrears-could-get-compensation\/","url_meta":{"origin":38125,"position":1},"title":"Thousands of borrowers with mortgage arrears could get compensation","date":"October 19, 2016","format":false,"excerpt":"\r FCA review finds lenders mistakenly collected arrears payments twice from 750,000 customersAround 750,000 struggling mortgage borrowers could be due compensation after the City regulator found lenders had made mistakes in the way arrears were collected.A review by the Financial Conduct Authority looked at how lenders were treating borrowers who\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rules-could-be-eased-to-increase-growth\/","url_meta":{"origin":38125,"position":2},"title":"UK mortgage rules could be eased to increase growth","date":"January 18, 2025","format":false,"excerpt":"\r FCA also aims to change law to try to prevent a repeat of mass compensation schemes for consumers such as PPIMortgage rules could be loosened by the City regulator as it comes under government pressure to increase economic growth and home ownership across the UK.The move to \u201csimplify responsible\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41286,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/whistleblower-wins-13-year-campaign-against-hsbc\/","url_meta":{"origin":38125,"position":3},"title":"Whistleblower wins 13-year campaign against HSBC","date":"January 20, 2017","format":false,"excerpt":"\r Thousands of customers will be compensated for excessive credit card charges thanks to dogged efforts of 59-year-old Nicholas WilsonA lone whistleblower has won a 13-year \u201cDavid and Goliath battle\u201d against HSBC and Britain\u2019s chief financial watchdog, resulting in a multimillion-pound compensation payout to thousands of people.The Financial Conduct Authority\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":38125,"position":4},"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":18502,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/direct-debit-option-increases-insurance-payments-fca-finds\/","url_meta":{"origin":38125,"position":5},"title":"Direct debit option increases insurance payments, FCA finds","date":"May 11, 2015","format":false,"excerpt":"\r Consumers are not told the higher cost of paying by instalments, the Financial Conduct Authority says, with some being charged interest of up to 75%Consumers who pay for car or home insurance in monthly instalments are being charged interest as high as 75%, according to the Financial Conduct Authority\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\/38125"}],"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=38125"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/38125\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=38125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=38125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=38125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}