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Pension age for women born in 50's, Parliment debate
i_was_taught_2b_cautious
Posts: 40 Forumite
Hello all
What was the outcome of this?
My understanding is state pension age was changed for women born in their 50's from 60 to 66.
What was the outcome of this?
My understanding is state pension age was changed for women born in their 50's from 60 to 66.
0
Comments
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My understanding is state pension age was changed for women born in their 50's from 60 to 66.
Not quite.
In 1995 it was changed to 65 under the pensions act 1995. Then in 2011 it was increased to 66 under the pensions act 2011. This included an accelerated increase which, at most, could have added 18 months to the age at short notice to a relatively small number of people. Then in 2014 you had the Pensions act 2014 which changed the timetable for the increase to 67.
The pensions act 2007 which was to put the age to 68 is still considered likely to happen but bits of it were overtaken by the pensions act 2014.
The parliamentary debate largely paid lip service to a campaign that was badly thought out and the organisers were trying to create financial gain for some women but loss for others and completely ignored equality. The arguments were flawed and the key issue that the worst affected women suffered was ignored and many feel that they were let down by the campaign.
The whole process, which resulted in no change, was a good example of a badly run and misinformed campaign getting enough votes to trigger a debate through poor quality but heavy media coverage resulting in a number of MPs looking stupid and lacking knowledge and only arguing the case to try and win votes rather than apply logic. It was all rather embarrassing.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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