The government has once again rejected calls to compensate Women Against State Pension Inequality (WASPI) women over state pension age increases, saying the solutions proposed are "unaffordable" and "cannot be justified".
Speaking in the House of Common yesterday, pensions minister Guy Opperman (pictured) said proposals put forward to compensate a certain group of women adversely affected by the hike to their state pension age would be too costly. Speaking about proposals to compensate the women, Opperman said: "The only alternative is to ask the working generation to pay an even larger share of its income to support pensioners. I believe that successive governments have made appropriate but difficult decisions to equalise and increase the state pension age." The WASPI campaign began in 2015 and challe...
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