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Women and changes to state pension age: WASPI

by on October 21, 2016

Yesterday we looked at the effect of divorce on older women in the US in terms of it increasing their likelihood of having to work for longer in later life. What about in the UK?

A report by Prudential in 2013 found that women’s retirement incomes were particularly vulnerable to the financial effects of divorce and pensions. And interestingly, there was an increase of 4% over two years for divorces granted to those over-60 whereas divorce rates for all other age groups fell by more than 11%. And it’s women born in the 1950s (now in their late 50s and 60s) who are currently affected by the way in which changes to the state pension are being implemented (see WASPI website).

WASPI are currently seeking to crowdfund legal challenges, including potentially a judicial review of the legality of changes to state pension age in the UK, in the hope of securing a better pension deal for the affected women. On their website, they highlight from written evidence the effect on older women with regard to work of the implementation of state pension changes:

  • “The job market isn’t ready to accept older women – many women are forced to accept zero hours, temporary and low paid contracts, which offer no financial security.
  • They are being forced to take jobs which are inappropriate to their state of health.
  • To qualify for limited Job Seekers’ Allowance, women are enduring humiliating tests/competitions by Seetec otherwise they face sanctions.
  • They are being forced to accept jobs which place them in a worsened financial situation”.
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