{"id":69670,"date":"2017-10-21T13:00:15","date_gmt":"2017-10-21T06:00:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension\/"},"modified":"2017-10-21T14:03:59","modified_gmt":"2017-10-21T07:03:59","slug":"one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-three-uk-retirees-will-have-to-rely-solely-on-state-pension\/","title":{"rendered":"One in three UK retirees will have to rely solely on state pension"},"content":{"rendered":"


\nSurvey 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 Authority.The Financial Lives survey of 13,000 consumers by the FCA, the biggest of its\u00a0kind, found that 31% of UK adults have no private pension provision and will have to rely entirely on the state in\u00a0their retirement. The full state pension is \u00a3159.55 per week, but that is\u00a0only available to individuals who have\u00a0a complete record of national insurance contributions. Continue reading…
\n
\nSource : theguardian.com
\nRead more…One in three UK retirees will have to rely solely on state pension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Survey by Financial Conduct Authority finds those aged over 50 are most at risk of...<\/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-69670","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-i7I","jetpack-related-posts":[{"id":26288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-chief-cautions-over-relying-on-property-to-fund-retirement\/","url_meta":{"origin":69670,"position":0},"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":9830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-50s-risk-pension-scams-as-they-shun-expert-advice\/","url_meta":{"origin":69670,"position":1},"title":"Over-50s risk pension scams as they shun expert advice","date":"April 3, 2016","format":false,"excerpt":"\r Survey points to threat of fraud as those near retirement refuse to seek expert guidance, revealing that almost nine in 10 people miss common warning signs of a pensions scamConcerns are growing that those reaching retirement are leaving themselves open to fraud, as well as the risk of running\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":69670,"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":1032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-british-savers-fully-cashed-out-pension-pots-on-retirement-after-rule-changes\/","url_meta":{"origin":69670,"position":3},"title":"Most British savers fully cashed out pension pots on retirement after rule changes","date":"January 8, 2016","format":false,"excerpt":"\r Financial Conduct Authority study finds 68% of pensions accessed between July and September were cashed out, raising concerns over investment decisionsMost British savers retiring between July and September last year fully cashed out their pension pots after rule changes, the financial markets regulator said, feeding concern they are not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-debt-levels-double-in-a-decade-as-property-boom-takes-its-toll\/","url_meta":{"origin":69670,"position":4},"title":"Hong Kong debt levels double in a decade as property boom takes its toll","date":"November 21, 2016","format":false,"excerpt":"\r Hong Kong\u2019s households are nearly twice as much in debt as they were a decade ago, with grass-roots families earning less than what they spend every month, research by the city\u2019s legislature has found. A survey released by the Legislative Council research office on Monday also revealed retirees\u2019 inability\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-new-uk-rules-on-pension-inheritance-may-mean-for-you\/","url_meta":{"origin":69670,"position":5},"title":"What new UK rules on pension inheritance may mean for you","date":"March 22, 2025","format":false,"excerpt":"\r Most workplace pensions will attract inheritance tax from 2027, so older people should consider their optionsRich retirees splashing pension lump sums to avoid \u2018IHT raid\u2019At the moment, pensions tend to be outside people\u2019s estates for inheritance tax (IHT) purposes. But last autumn Rachel Reeves announced that money left in\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\/69670"}],"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=69670"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/69670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=69670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=69670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=69670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}