{"id":5700,"date":"2016-02-24T07:01:23","date_gmt":"2016-02-24T00:01:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-overhaul-could-trigger-raft-of-mis-selling-claims-warns-watchdog\/"},"modified":"2016-02-24T14:38:28","modified_gmt":"2016-02-24T07:38:28","slug":"pensions-overhaul-could-trigger-raft-of-mis-selling-claims-warns-watchdog","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-overhaul-could-trigger-raft-of-mis-selling-claims-warns-watchdog\/","title":{"rendered":"Pensions overhaul could trigger raft of mis-selling claims, warns watchdog"},"content":{"rendered":"


\nNational 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 freedoms introduced last April, which allowed pensioners to cash in their savings, could lead to widespread exploitation. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pensions overhaul could trigger raft of mis-selling claims, warns watchdog<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

National Audit Office suggests freedoms introduced last April, which allow pensioners to cash in savings,...<\/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-5700","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\/p75ss1-1tW","jetpack-related-posts":[{"id":12906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/serious-risks-of-more-mis-selling-in-financial-services-market\/","url_meta":{"origin":5700,"position":0},"title":"'Serious risks' of more mis-selling in financial services market","date":"May 13, 2016","format":false,"excerpt":"\r Pension freedoms introduced last year could be a potential trigger for PPI mis-selling on a mass scale, say MPsThere are \u201cserious risks\u201d of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. Related:\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":5700,"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":38125,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-considers-1m-compensation-limit-to-increase-protection-for-pensioners\/","url_meta":{"origin":5700,"position":2},"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":[]},{"id":22891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirees-prove-more-prudent-than-expected-after-pension-freedoms\/","url_meta":{"origin":5700,"position":3},"title":"Retirees prove more prudent than expected after pension freedoms","date":"August 15, 2016","format":false,"excerpt":"\r A 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/doubts-grow-over-totemic-cash-pledge-to-pensioners\/","url_meta":{"origin":5700,"position":4},"title":"Doubts grow over \u2018totemic\u2019 cash pledge to pensioners","date":"July 31, 2016","format":false,"excerpt":"\r Triple-lock protection too costly, says former pensions minister, as work and pensions department refuses to rule out reviewThe triple-lock protection for state pensions should be dropped to save billions of pounds for better causes, according to the outgoing pensions minister. The Department for Work and Pensions declined to rule\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/who-benefits-from-abolition-of-55-tax-on-pensions\/","url_meta":{"origin":5700,"position":5},"title":"Who benefits from abolition of 55% tax on pensions?","date":"September 29, 2014","format":false,"excerpt":"\r Patrick Collinson analyses the detail behind George Osborne\u2019s plan to cull tax that hits pensioners who want to pass on savingsThe chancellor, George Osborne, is to tell the Conservative party conference on Monday that a punitive tax that affects pensioners who want to pass on their savings will be\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\/5700"}],"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=5700"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5700\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}