{"id":44828,"date":"2017-02-20T20:42:09","date_gmt":"2017-02-20T13:42:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-changes-could-cost-11m-britons-thousands-of-pounds\/"},"modified":"2017-02-20T20:52:51","modified_gmt":"2017-02-20T13:52:51","slug":"pension-changes-could-cost-11m-britons-thousands-of-pounds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-changes-could-cost-11m-britons-thousands-of-pounds\/","title":{"rendered":"Pension changes could cost 11m Britons thousands of pounds"},"content":{"rendered":"


\nGovernment green paper discusses giving annual rises based on CPI, not RPI, which could cost average of \u00a320,000 over lifetimeCompanies could slash pension promises to 11 million employees, potentially knocking thousands of pounds off the incomes of people in retirement, if proposals in a government consultation paper are approved.Unions are likely to react furiously to the proposals, which would allow companies to save \u00a390bn by providing annual increases in their retired employees\u2019 pensions based on the consumer price index, rather than the retail price index. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension changes could cost 11m Britons thousands of pounds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Government green paper discusses giving annual rises based on CPI, not RPI, which could cost...<\/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-44828","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-bF2","jetpack-related-posts":[{"id":45300,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cpi-was-never-meant-to-be-real-measure-of-inflation-letters\/","url_meta":{"origin":44828,"position":0},"title":"CPI was never meant to be real measure of inflation | Letters","date":"February 24, 2017","format":false,"excerpt":"\r Your article (Pension changes could cost 11m Britons thousands of pounds, 21 February) says 75% of pension schemes use the retail price index (RPI). But all the public-sector schemes, which must be more than 25%, as well as many in the private sector \u2013 eg BT, BA \u2013 have\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":44828,"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":149904,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-removals-firms-swamped-as-thousands-of-britons-race-to-complete\/","url_meta":{"origin":44828,"position":2},"title":"Stamp duty: removals firms swamped as thousands of Britons race to complete","date":"March 22, 2025","format":false,"excerpt":"\r Pressure on movers and lawyers as more than 75,000 buyers in England and NI forecast to miss deadline\u2018Desperately hoping\u2019: the buyers who risk paying thousands moreA stampede to complete property purchases before the 31 March stamp duty cliff-edge has caused a shortage of removals services, with more than 75,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18326,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-pound-hits-british-pensioners-living-overseas\/","url_meta":{"origin":44828,"position":3},"title":"Falling pound hits British pensioners living overseas","date":"July 2, 2016","format":false,"excerpt":"\r Some retirees could be forced to return to the UK after the dramatic drop in the value of sterling after Brexit voteThe dramatic fall in the value of sterling has dealt a heavy blow to hundreds of thousands of older Britons living abroad who depend on a UK pension.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-maximise-your-state-pension\/","url_meta":{"origin":44828,"position":4},"title":"How to maximise your state pension","date":"June 30, 2015","format":false,"excerpt":"\r The government will give you an income when you retire \u2013 here\u2019s how you can make the payout as big as possibleFor most Britons, the state pension is the bedrock of their retirement fund. It will make up more than a third of the total income of those retiring\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-london-penthouse-for-60000-per-week-plus-the-isa-offering-12-returns\/","url_meta":{"origin":44828,"position":5},"title":"A London penthouse for \u00a360,000 per week, plus the Isa offering 12% returns","date":"February 23, 2017","format":false,"excerpt":"\r Also, the pension changes that could cost Britons thousands and Whirlpool finally tells customers to unplug dangerous tumble dryersHello 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...A\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\/44828"}],"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=44828"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}