MPs campaign to slow pension reforms for women

clock

Pressure is building on the coalition government to slow the rate of acceleration of the state pension age (SPA) for women.

In the spending review last year George Osborne announced the SPA will rise to 66 by 2020, rather than by 2026 under Labour's plans. The changes particularly affect women born in the early 1950s. Around 500,000 women's SPA has risen by one year and for 33,000 it has risen by two years or more. The reform is included in the Pensions Bill, which is due its second reading in the House of Commons in the next few weeks. However, 138 MPs have signed an early day motion (EDM) calling on the government to revise the timetable for raising women's SPA. The EDM says the government has not kep...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •