‘Large scale injustice!’ WASPI furious as Budget has NO mention of righting pension wrong

WASPI women have been left ‘high and dry’ says David Linden

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Women Against State Pension Inequality (WASPI) were hopeful that the Chancellor of the Exchequer, Rishi Sunak would announce compensation for 1950s women who did not receive sufficient notice that their state pension age was changing. However, despite the filing of a report which backed the women’s claims, no announcement was made.

WASPI had their say on the state pension age increases, as well as the Chancellor’s Autumn Budget.

They said: “We are disappointed that the Chancellor has chosen not to offer the fair and fast compensation due to 1950s women because of maladministration by the Department for Work and Pensions (DWP).

“The Ombudsman ruled in July that the DWP was guilty of maladministration and failed to give women born in the 1950s notice of a rise of up to six years in their state pension age even though the Government’s intention to give women notice was clearly stated in the 1993 White Paper.

“Rishi Sunak’s choice not to step in and take action now means that the affected women will have to endure a further period of financial and emotional distress while they wait for the Ombudsman to complete his enquiry.”

WASPI Chair, Angela Madden commented: “This is injustice on a large scale, with 3.8 million women affected. Many have made life-changing decisions based on the lack of notice and we urgently need to see that they are offered the fair compensation that such significant maladministration demands.”

The Parliamentary and Health Service Ombudsman said in its report on the matter that from 2005 onwards, there were failings in the action taken by the DWP to communicate the state pension age changes.

They laid their investigation report before Parliament which detailed how in their opinion, the DWP failed to make reasonable decisions based on the information available, and failed to communicate with the women affected with enough urgency.

Upon the filing of the report, Amanda Amroliwala, Parliamentary and Health Service Ombudsman CEO, said: “After a detailed investigation, we have found that DWP failed to act quickly enough once it knew a significant proportion of women were not aware of changes to their state pension age. It should have written to the women affected at least 28 months earlier than it did.

DON’T MISS
‘You can’t come back from this!’ – The ‘biggest’ pension mistakes retirees make [WARNING]
Free NHS prescriptions axed for over-60s. Who now pays – and who WON’T [ANALYSIS]
Tax changes Budget 2021: What does the Budget today mean for YOUR taxes? Will they go up? [INSIGHT]

“We will now consider the impact of these failings, and what action should be taken to address them.”

The WASPI group campaigns on behalf of women born in the 1950s who believe were unfairly prejudiced by state pension age changes which were brought in with the 1995 State Pension Act, which raised the state pension age for women from 60 to 65, in line with the retirement age for men.

They argue that due to the way the changes were introduced, 3.8 million women born between 1950 and 1960 did not receive enough notice and were left scrambling to alter their retirement plans.

Some women have been made to wait much longer for their pension than other women of a similar age, with a one-year age difference possibly meaning having to wait an extra three years to retire.

It was recommended that the Government give up to 15 years notice, but WASPI claim millions of women were not personally or appropriately notified when the changes were first made over 25 years ago.

WASPI also had their say on a general lack of announcements relating to pensioners from the Budget.

They said: “All pensioners must also be disappointed that the budget excluded them completely, with all the bad news about abandoning the triple lock coming in advance of the budget.

“Although pensions will rise with inflation next year there is nothing to help pensioners with rapidly rising costs now.”

Indeed, the only mention of pensions during the Chancellor’s Budget speech came when he announced the Government will consult on changes to the regulatory charge cap for pension schemes.

The full written Autumn Budget and Spending Review confirmed the state pension triple lock will be temporarily suspended for next year, removing the earnings link which would have netted pensioners an increase of more than eight percent to their state pension.

Pensioners will now receive an increase of 3.1 percent, in line with inflation, as it came in higher than the 2.5 percent mark which is the minimum the state pension must be uprated by under the triple lock.

That means retirees are getting less than half of the increase they were due under the original terms of the triple lock, which the Government has said will return as normal for the 2023/24 tax year.

Source: Read Full Article