{"id":5382,"date":"2014-03-21T06:50:30","date_gmt":"2014-03-20T23:50:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-shakeup-in-budget-leaves-14bn-annuities-industry-reeling\/"},"modified":"2016-02-22T06:49:09","modified_gmt":"2016-02-21T23:49:09","slug":"pension-shakeup-in-budget-leaves-14bn-annuities-industry-reeling","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-shakeup-in-budget-leaves-14bn-annuities-industry-reeling\/","title":{"rendered":"Pension shakeup in budget leaves \u00a314bn annuities industry reeling"},"content":{"rendered":"


\n\u2022 Fears retirees will splurge cash or leave it to languish\u2022 Shares plunge as sector is forecast to contract hugelyThe dramatic liberalisation of Britain’s pension system unveiled in the budget is likely to pump up house prices, spark a bonanza for estate agents, car dealers and cruise ship operators \u2013 and could deal a devastating blow for the UK’s \u00a314bn annuity business.George Osborne’s budget on Wednesday \u2013 in which he declared that “no one will have to buy an annuity” \u2013 swept away most of the regulations on pensions, freeing savers to do what they like with their retirement savings, starting from April next year. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pension shakeup in budget leaves \u00a314bn annuities industry reeling<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Fears retirees will splurge cash or leave it to languish\u2022 Shares plunge as sector...<\/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-5382","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\/p75ss1-1oO","jetpack-related-posts":[{"id":56162,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bt-to-cap-pension-pots-to-fill-14bn-hole\/","url_meta":{"origin":5382,"position":0},"title":"BT to cap pension pots to fill \u00a314bn hole","date":"May 27, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...BT to cap pension pots to fill \u00a314bn hole","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministers-to-discuss-fate-of-pensioners-trapped-with-annuities\/","url_meta":{"origin":5382,"position":1},"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":5382,"position":2},"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":17822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/annuities-take-a-hit-as-rates-fall-following-brexit\/","url_meta":{"origin":5382,"position":3},"title":"Annuities take a hit as rates fall following Brexit","date":"June 27, 2016","format":false,"excerpt":"\r Retirees thinking of using their pension to buy an annuity to fund their retirement are advised to buy sooner rather than laterThe first direct hit on pensions from Brexit came on Monday morning, as pension companies began to cut the amount they will pay people who are newly retiring.Just\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63684,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/appeal-lodged-to-revive-14bn-mastercard-lawsuit\/","url_meta":{"origin":5382,"position":4},"title":"Appeal lodged to revive \u00a314bn Mastercard lawsuit","date":"August 15, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Appeal lodged to revive \u00a314bn Mastercard lawsuit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-blue-chip-pensions-are-set-to-shut-as-costs-on-course-to-double-to-14bn\/","url_meta":{"origin":5382,"position":5},"title":"More blue-chip pensions are set to shut as costs on course to double to \u00a314bn","date":"September 26, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...More blue-chip pensions are set to shut as costs on course to double to \u00a314bn","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\/5382"}],"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=5382"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5382\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}