Labour's new pension plans face 'serious practical problems'

Reduced state pension access

Hannah Godfrey
clock • 2 min read

Labour is set to reveal plans for women born in the 1950s to access a reduced state pension at the age of 64 - a move former pensions minister turned Royal London director of policy Steve Webb said faced "serious practical problems".

Shadow work and pensions secretary Debbie Abrahams is expected to announce the plans on Monday at the Labour party conference in Brighton. Labour has described the proposal as "cost effective in the long run" and said it should be implemented "immediately".  Former Liberal Democrat MP and pensions minister Webb (pictured) said, however, the idea was fraught with problems. "Writing new primary legislation, getting it through Parliament, and implementing the change on the ground is likely to take at least two years," he said. "If the legislation completed its passage through Parliament ...

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