WASPI call for Government action on state pension age increases to help 1950s women | Personal Finance | Finance

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WASPI, known formally as Women Against State Pension Inequality, has argued women born in the 1950s were not given ample notice to prepare for state pension age changes. The state pension age previously stood at 60 for women as an aim of when individuals could retire. However, as a result of two separate Pension Acts in 1995 and 2011 respectively, this underwent change.

“We are in the process of waiting for the Parliamentary and Health Service Ombudsman to make a decision about his investigation into those complaints.

“If he does find maladministration, then we would like the Government to acknowledge that we have been victims and to compensate the women appropriately.”

Ms De Spon acknowledged it is highly unlikely 1950s women will ever be repaid the state pension they have effectively lost in full.

However, she has stated there is an absolute need for financial compensation on the matter.

Concessions made to the women who have been impacted by this change, she added, could go a long way.

She has stated many women are in extreme and dire circumstances as a result of the changes to state pension age. 

The WASPI campaign was first established in 2015 as a way of highlighting the cause and bringing attention to the matter.

The campaign is not against the idea of female and male state pension age equality.

However, it does not agree with the ways changes were implemented and has called for women affected to receive more support.

The group has said “hundreds of thousands of women are suffering financial hardship” not simply due to an older state pension age, but the fact they were not prepared to budget for the increase.

Understandably, many people are reliant upon state pension payments to provide them with support in retirement.

And with women having to face other issues such as sexism in their working lives, as well as the gender pay gap, many have described facing significant burdens.

The Government has argued letters were sent out to women who were affected by the state pension age increase to inform them of the changes.

However, some have reported receiving no correspondence at all on the issue, hence their dissatisfaction.

Similar issues have been raised in the past by other campaign groups including Backto60, which has a slightly different aim, but represents 1950s women. 

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