View more on these topics

Govt rebuffs calls to compensate Waspi women

The Government has rejected calls to compensate women born in the 1950s who have campaigned for an increase to their state pension.

Pensions minister Guy Opperman dismissed proposals to hike these pensions as “unaffordable” when he responded to an opposition debate on the issue in parliament yesterday.

Opperman went on to add the proposals “cannot be justified” and defended the communications that accompanied state pension age changes in 1995 and 2011 Pension Acts.

So far the Women Against State Pension Inequality campaign has not received any support from the Government but Labour warned the issue “is not going to go away”.

AJ Bell senior analyst Tom Selby explains the only support for Waspi’s claims now rests with a possible Labour Government under Jeremy Corbyn.

He says: “Time and again opposition politicians have desperately tried to lever concessions out of the Government in relation to the women’s state pension age, and time and again the Government has refused to budge an inch.

“It seems clear the Waspi campaign’s only hope for salvation now rests on Jeremy Corbyn becoming the next prime minister.”

He adds: “Labour’s manifesto pledges to extend pension credit to the most vulnerable women affected by the changes and explore transitional options.

“While it remains unclear what these transitional arrangements might look like, it seems unlikely they will meet the Waspi demand of a ‘bridging pension’ until state pension age.”

Back in January the Liberal Democrats called on the Government to correct the “injustice” faced by the Waspi women by giving them £15,000 each.



Waspi women should be given £15,000 each, Lib Dems say

The Liberal Democrats have called on the Government to correct the “injustice” faced by the Women Against State Pension Inequality Campaign by giving them £15,000 each. Stephen Lloyd, the Liberal Democrat spokesman for work and pensions says the Government should do so immediately. Lloyd argues successive administrations have failed to help women who are set […]


Labour to press Government on Waspi state pension reforms

Labour also outlined its support for Waspi in its manifesto for the June election Labour is to call on the Government to lower the retirement age for women born in the 1950’s, allowing them to retire aged 64 on a reduced state pension, rather than aged 66. According to the Independent, in a speech at […]

Bestinvest spot the dog 07/14

Who has topped the latest Spot the Dog list?

Aberdeen Standard Investments has been named the top offender in Bestinvest’s latest Spot the Dog report of underperforming equity funds. In the first bi-annual report by Bestinvest for this year the asset management giant, which was formed after the merger between Aberdeen Asset Management and Standard Life last year, has four funds listed in the report […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


News and expert analysis straight to your inbox

Sign up


There are 4 comments at the moment, we would love to hear your opinion too.

  1. Andy Robertson-Fox 11th February 2018 at 12:25 pm

    Hardly surprising considering the stance the government has maintained and really apart from a short period of transition and some notification problems there is little to justify any further remedial action. The State Retirement Age has never been set in stone and the “guarantee”, subject to NI contributions, is a pension from State Retirement Age to day of death. While many had expectations of an earlier payment than of now their entitlement only commences on the date of retirement; there is no actual financial “robbery” or loss, only an unfulfilled hope.
    This, of course, contrasts with the plight of the frozen pensioner who, having contributed to the NI scheme on the same terms as everyone else is discriminated against and denied the annual indexation – that is a real financial loss and one which increases each and every year. It is regrettable that MPs are not so vociferous on that scandal which affects just 4% of all UK pensioners world wide rather than pandering to the Waspi claims in search of votes.

  2. Will men also get compensation for waiting until 65?

  3. Sensible move by the Government to resist what would be an unfair giveaway. That isn’t to say the communications were as good as they should have been – but that also goes for more or less all state communication of changes to the state pensions.

  4. As a woman who will have to wait until I am 66 but who was not told in time to do anything about it, I don’t expect any future government will do anything about it – oh, the opposition will promise all sorts of things in hopes of getting votes, but they won’t follow through, no government ever does, really, does it?

Leave a comment