Pensions - Articles - Plans for a reduced state pension to women at 64

 Malcolm McLean, Senior Consultant at Barnett Waddingham, said; “This seems similar to a suggestion made by the Work and Pensions Select Committee last year. That was firmly rejected by WASPI (women against state pension inequality campaign), and presumably still viewed as falling well short of their demand for interim payments for all the women affected back to age 60.

 “In any event by the time Labour comes to power, if or when they do, most of the “50s women” will have reached their state pension age under the existing rules and would be unlikely to benefit from this early retirement option.

 “There are other potential problems likely to surface from the proposal. Not least complaints of inequality of treatment for men or indeed other women born, for example, in the 60s and therefore ineligible to benefit from the scheme.

 “I cannot see Labour’s plans as a solution to the WASPI problem and therefore ever likely to get off the ground.”