This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Saga protests pace of state pension increase for women

  • Print
  • Comments (2)

Proposals to increase the state pension age for women to 66 by 2020 have unfair and disproportionate consequences for a significant number of women says Ros Altmann, director-general of Saga.

Altmann says women in their 50s do not have enough time to make up for the lost pension income they have been expecting. The increase in the state pension age for women to 65 has been accelerated, and will rise to 66 by 2020. Saga calculates that about half a million women will be affected adversely. “These women were told, some years ago, that their pension age would increase from 60 to around 63 or 64. They accepted this change without fuss and set about planning their finances in anticipation of receiving their state pensions later than previously expected. The Government announced these plans unexpectedly. Its paper explaining this decision concedes that women will not have time to plan, but still asserts that the change is not disproportionate.”

  • Print
  • Comments (2)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Readers' comments (2)

  • I am a woman of 56 who has had the news that I will have to wait longer for my pension. Now that a flat rate pension is going to be the norm for everyone even if they do not contribute.Can I have the contributions above the necessary refunded and once I have reached the required 30 years contributions do I no longer have to pay? I would like all the years that I looked after my children to be taken in to consideration so I think I will need to be refunded about 15 years worth of national insurance contributions.I feel that I was missold my penssion.

    Unsuitable or offensive? Report this comment

  • Just recieved my state pension forcast for retirement age of 65 years 6 months. Born March 1954 I have worked longer than 30 years up to now. Can,t tolerate another 7 years. So angry I could shout my protest from the roof tops.

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


How do you plan to vote at the general election?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments