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Women's activist group and pension specialists questioned on pension reforms

10 December 2015

The Work and Pensions Committee hears from WASPI (Women Against State Pension Inequality) representatives on how the pension reforms affect women born in the 1950s and takes their views on improving communications. Pension industry specialists also give evidence on current public understanding of the policy and offer recommendations for improvement.

Witnesses

Wednesday 16 December 2015, Wilson Room, Portcullis House

At 9.45am

  • Anne Keen, Women Against State Pension Inequality
  • Lin Phillips, Women Against State Pension Inequality

At 10.30am

  • Kate Smith, Aegon UK
  • Dr Deborah Cooper, Mercer
  • Phil Mc Evoy, Prospect

Inquiry background 

The new State Pension is a major reform and will affect millions of people currently of working age, starting from April of next year. Although in the long term the reforms will simplify the State Pension, the transition period will be long and complex, and there is a lot of uncertainty about the impact of the reforms among people who will be affected, especially for those now closest to State Pension age.

Concerns have been raised that many of those who will be affected by the changes do not know enough about the reforms or exactly what they will mean for their pensions, especially people who are close to retirement now and may have done most or all of their retirement planning and saving under the "old" system.

Further information

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