Pension minister has 'sympathy' but no solution for female retirees

clock

Pensions Minister Baroness Altmann has said she looked into helping women affected by having the start date of their state pension put back twice, but could not find a way to do so.

Some 500,000 women in their late 50s were affected by the decision of the coalition government that added up to 18 months onto the start date of their state pension. The decision has left women trying to bridge the gap at an age where re-entering the labour market is very difficult. Altmann told the BBC: "I have been looking at ways in which we might be able to help. I have been looking at it but I can't see any way of doing it," she said. Her job was to implement the past government's policy, she said. "I have so much sympathy for people whose pension age was increased at relat...

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 Pensions

Govt ignores pension tax lock call as petition responses top 18,500

Govt ignores pension tax lock call as petition responses top 18,500

AJ Bell started petition; Govt forced to respond after 10,000 signatures

Jenna Brown
clock 23 October 2025 • 2 min read
How SIPPs and SSASs could help power the UK's energy goals

How SIPPs and SSASs could help power the UK's energy goals

'The role of pensions in supporting renewable energy deserves further consideration'

Caitlin Southall
clock 23 October 2025 • 4 min read
IHT on pensions: A moment in time for the profession to shine

IHT on pensions: A moment in time for the profession to shine

'Bringing pensions into the IHT net marks a structural change in how wealth is transferred'

Andrew Zanelli
clock 21 October 2025 • 4 min read