PENSIONSANDSAVINGS.COM

Government disappoints millions of WASPI women.  Government refuses to pay any of them anything, despite parliamentary ombudsman findings of maladministration.  Many are in serious hardship and I would have liked to see them helped.  But after taking away winter fuel payments with no notice from the poorest pensioners, clearly pensioners are not a priority. The Government has today disappointed millions of women in their mid-sixties and early seventies. Government rejects Parliamentary Ombudsman The so-called WASPIs (Women Against State Pension Inequality),…

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Government must reassure pensioners immediately, right here, right now, that their inflation protection is guaranteed, no more uncertainty! It should be unthinkable to betray pensioners a second year running during a cost of living crisis.    Millions of pensioners are fearful and furious that their meagre state pension may yet again fall behind inflation and this is affecting their mental health.    Of course 21st Century Britain can afford inflation increases for the lowest State Pension in the developed world…

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It should be unthinkable to betray pensioners a second year running during a cost of living crisis. Flip-flopping about protection for next year, after just 3.1% increase as inflation hits 10%, will create huge worries for millions of pensioners and undermines our social contract. Trust in Government would be lost if promises made in 2019, and confirmed recently by both the previous and present Prime Ministers, are broken – not all pensioners are well-off! Millions of pensioners rely on their…

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State Pension inflation protection must be properly restored after broken promises this year, especially as all public sector workers and pensioners will get full cpi pension uprating.   Although public sector pay has not risen as much, public sector pension costs are around £50billion a year, a significant real terms deferred pay rise since 2010. UK State Pension increase was only 3.1% this year, despite earnings and prices rises rocketing twice as much, and UK State Pension is the lowest in…

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Government may need private sector experts to help correct State Pension underpayments before more of the women die. The complexity of the calculations mean people can’t work out their State Pension and are totally reliant on Government to pay the right amount. Over-80s and thousands of divorced women should also be urgently assessed to correct underpayments. Interest on arrears and compensation are required to address the injustice. The Public Accounts Committee has issued a damning report highlighting ongoing problems of…

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State pension age review needs to consider flexibility to recognise vast differentials in healthy life expectancy.  Ever rising age disadvantages the poorest and least healthy as poorest Brits only stay healthy to around age 50, but wealthiest to age 70.  Wealthiest groups can get even higher pensions if they delay their pension age but poorest who are least likely to have private pensions, cannot get a penny early even after a 45 or 50 years National Insurance record.  Flexibility allowing…

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Latest inflation numbers show State Pension rise of 3.1% will leave poorest pensioners struggling.  Pensioners have been stripped of the protection they were promised and many will struggle to afford heating.  The poorest pensioners have lost the earnings inflation protection for Pension Credit that was in law for around 20 years.  The latest inflation figures showing CPI inflation reached a two-year high of 5.1% last month, confirm again that the 3.1% increase for State Pensions is completely inadequate to protect…

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