Govt promises women's state pension fix

clock

Pensions minister Steve Webb has promised that the goverment will create a transitional arrangement for women hit hardest by the rise in the state pension age (SPA).

Plans to raise the SPA to 66 by 2020 have angered women, 500,000 of whom will face up to an extra two years before they can claim their pensions. In June, Webb said Labour should have tabled amendments to fix the problem, claiming any suggestions from coalition ministers would have unfairly dominated the debate. However, during Work and Pensions Questions yesterday, Webb said coalition ministers will come up with a solution themselves. Shadow pensions minister Rachel Reeves said: "The government tabled no amendments during committee and recess starts this week. "What hope is the...

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

Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read
'Quality is the golden thread' – why Benchmark won Best Advice Network

'Quality is the golden thread' – why Benchmark won Best Advice Network

PA Awards 2026 winner shares secrets to success

Professional Adviser
clock 29 April 2026 • 3 min read
Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read