Published On: Sun, Aug 2nd, 2020

State pension warning: Boris Johnson under pressure to change policy, says campaigner | Personal Finance | Finance

The state pension age for women rose to 65 to bring it into line with men and will go up to 66 by 2020, and 67 by 2028. Campaigner and investigate journalist, David Hencke, believes the DWP will be found to be acting unfairly against 1950s women. He added that Boris Johnson‘s government will face “considerable pressure” to change the age or become unpopular with half of the population.

Speaking on Backto69’s YouTube page, Mr Hencke said: “They will show that these women are determined to fight and I think that they stand a good chance of the judges deciding that the DWP hasn’t been fair.

“I think it could put the Boris Johnson government under considerable pressure.

“What’s he going to do? Leave the UN convention?

“It would make him extremely unpopular with half the population.”

READ MORE: State pension: ‘Men had freebies!’ Campaigner says men had free NI

Backto60’s UN representative, Davina Lloyd has previously explained 1950s women were not the generation to have their pensions changed due to them being unable to work or earn a high enough salary to add to a pension.

She noted that 1950s womens’ lives have been “intolerable” by the age change.

She told “A lot of married women weren’t allowed to be educated and therefore those women had low paid jobs.

“If you’re in a low pay job in the 60s and early 70s, you were not able to pay into a pension.

“The impact assessment would have said, ‘we’re changing the wrong group of women because this is going to make their lives intolerable’ and it has.”

It comes as older savers have been resisting temptations to dip into their pensions during the coronavirus lockdown, figures from insurers suggest.

In April, queries from customers about their pension fell by nearly a third (31.9 percent) compared with April 2019, according to the Association of British Insurers (ABI).

The number of people withdrawing all their pension in one lump sum fell by 30.2 percent and the number of people drawing down their pension as a flexible income fell by more than two-fifths (42.2 percent).

The ABI said it expects pension withdrawal rates to increase as the lockdown eases, due to pent-up demand being released as people had previously put plans on hold, and as the financial need increases as the furlough scheme unwinds.

Source link

About the Author