{"id":60546,"date":"2017-07-12T19:33:01","date_gmt":"2017-07-12T12:33:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-it-may-intervene-as-millions-take-pension-cash-early\/"},"modified":"2017-07-12T19:41:14","modified_gmt":"2017-07-12T12:41:14","slug":"fca-warns-it-may-intervene-as-millions-take-pension-cash-early","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-it-may-intervene-as-millions-take-pension-cash-early\/","title":{"rendered":"FCA warns it may intervene as millions take pension cash early"},"content":{"rendered":"


\nReport by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could face financial insecurity The TUC has warned that millions of workers risk being \u201cplunged into insecurity in old age\u201d after an official report revealed a surge of people grabbing their pension cash early without taking advice.More than two years after the government brought in a range of pension freedoms, the Financial Conduct Authority concluded that accessing pension pots early had become \u201cthe new norm\u201d. The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. Continue reading…
\n
\nSource : theguardian.com
\nRead more…FCA warns it may intervene as millions take pension cash early<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Report by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could...<\/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-60546","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-fKy","jetpack-related-posts":[{"id":14464,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-exit-charges-to-be-capped-at-1-under-fca-proposals\/","url_meta":{"origin":60546,"position":0},"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":1969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rip-off-pension-exit-fees-will-be-capped-says-george-osborne\/","url_meta":{"origin":60546,"position":1},"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":102862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","url_meta":{"origin":60546,"position":2},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 11, 2019","format":false,"excerpt":"\r Loans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-chief-cautions-over-relying-on-property-to-fund-retirement\/","url_meta":{"origin":60546,"position":3},"title":"FCA chief cautions over relying on property to fund retirement","date":"September 16, 2016","format":false,"excerpt":"\r Andrew Bailey defends pension saving as key part of preparing for old age, countering comments by Bank of England economistBritain\u2019s top financial regulator has launched a staunch defence of pension saving as a key part of preparing for old age, countering comments by the Bank of England\u2019s chief economist\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6664,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-investigates-six-life-insurance-firms\/","url_meta":{"origin":60546,"position":4},"title":"FCA investigates six life insurance firms","date":"March 3, 2016","format":false,"excerpt":"\r Prudential and Old Mutual under scrutiny as regulator looks at treatment of long-standing pension and savings customersBritain\u2019s financial watchdog has criticised the way some life insurance firms have treated their long-standing customers and is carrying out a further investigation into six firms including Prudential and Old Mutual.The other firms\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69670,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension\/","url_meta":{"origin":60546,"position":5},"title":"One in three UK retirees will have to rely solely on state pension","date":"October 21, 2017","format":false,"excerpt":"\r Survey by Financial Conduct Authority finds those aged over 50 are most at risk of a bleak financial futureAbout 15 million people have no pension savings and face a bleak future in retirement, according to a major survey of Britain\u2019s personal finances published this week by the Financial Conduct\u2026","rel":"","context":"In "Property 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