{"id":740,"date":"2014-04-09T13:00:00","date_gmt":"2014-04-09T06:00:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-seven-people-retires-with-no-private-pension\/"},"modified":"2016-01-05T02:33:50","modified_gmt":"2016-01-04T19:33:50","slug":"one-in-seven-people-retires-with-no-private-pension","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-seven-people-retires-with-no-private-pension\/","title":{"rendered":"One in seven people retires with no private pension"},"content":{"rendered":"


\nWomen three times more likely to have no retirement savings, Prudential finds \u2013 while many over-estimate state pension sizeOne in seven people will retire with no pension other than the basic state pension, according to research by Prudential, with women three times more likely than men to have no savings for retirement.Many people over-estimate how much they will receive from the basic state pension and will live their lives in retirement in poverty, the report warns. According to the Joseph Rowntree Foundation, a single pensioner needs at least \u00a38,600 a year to reach a minimum socially acceptable standard of living, while a retired couple needs an annual income of more than \u00a312,500. But the basic state pension is equal to just \u00a35,881.20 for an individual or \u00a311,762.40 for a couple. Continue reading…
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\nSource : theguardian.com
\nRead more…One in seven people retires with no private pension<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Women three times more likely to have no retirement savings, Prudential finds \u2013 while many...<\/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-740","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-bW","jetpack-related-posts":[{"id":6994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-maximise-your-state-pension\/","url_meta":{"origin":740,"position":0},"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":6534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-a-20000-pension-youll-have-to-put-aside-a-quarter-of-your-salary\/","url_meta":{"origin":740,"position":1},"title":"Want a \u00a320,000 pension? You'll have to put aside a quarter of your salary","date":"May 26, 2012","format":false,"excerpt":"\r Scottish Widows report highlights a yawning gap between what people expect to receive on retirement and the grim realityRetirement savings have hit a record low, with the number of people putting aside money for a pension falling by 5% last year alone, according to a report this week. Meanwhile,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1130,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/state-pension-changes-smash-womens-expectations-mps-warn\/","url_meta":{"origin":740,"position":2},"title":"State pension changes 'smash' women's expectations, MPs warn","date":"January 11, 2016","format":false,"excerpt":"\r Committee says \u2018bungled\u2019 communication led to confusion on retirement age and demands accurate informationThe UK government must make \u201curgent changes\u201d to the information it provides about the new state pension as retirement expectations among women are being \u201csmashed\u201d, an influential group of MPs have warned. The new system \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1538,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-workers-will-be-worse-off-at-retirement-under-new-universal-state-pension\/","url_meta":{"origin":740,"position":3},"title":"Most workers 'will be worse off at retirement' under new universal state pension","date":"October 26, 2015","format":false,"excerpt":"\r Analysis by financial experts shows less than half of people retiring next year will pick up full new state pension and says majority will lose out long termMost workers reaching retirement will be worse off under the new universal state pension, expected to be set at \u00a3155 a week,\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":740,"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":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":740,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/740"}],"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=740"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}