Deidre Brock MP

Member of Parliament for Edinburgh North and Leith

Brock calls for rethink of pension reforms

As the SNP launch a report into the impact of state pension age changes on women born in the 1950's, Deidre Brock MP has called for the UK Government to rethink the accelerated timetable for change.

Ms Brock is a supporter of the 'Women Against State Pension Inequality' (WASPI) campaign which calls for transitional arrangements for the women worst affected by the changes.

The independently commissioned research considered and costed 5 reform options, including returning to the 1995 Pensions Act timetable for increases in women's pension age.

Ms Brock said

"I support equal pension ages for men and women, but it must be done fairly. The burden should not be unfairly placed on the shoulders of women who have been misled about the age they could retire.

"Around 18,500 women in Edinburgh have had their pension contracts broken by the UK Government, some 2.5 million across the UK. They have been left exasperated by shifting goalposts as they approach retirement, their financial plans shattered, and many facing severe poverty.

"The SNP - the only real opposition at Westminster - has done the work for the UK Government. We've provided several costed models to compensate these women, but the fairest one is to go back to the old timetable for reforms.

"This report proves the UK Government can afford to bring the reforms in more slowly – the only question is, do they have the political will to do so?

"A pension is a right, something we've paid for - not a privilege. It's the duty of the UK Government to do the decent thing for once and sort this mess out."

NOTES

• The Pensions Act 2011 accelerated the timetable for increases in women's State Pension Age (SPA) in the UK. Women's SPA will rise from 63 to 65 between April 2016 and November 2018, and from 65 to 66 by October 2020.

• Landman Economics was commissioned by the SNP Westminster Group to undertake an analysis of the costs and distributional impacts of a number of potential changes to pension arrangements for women born in the 1950s who will lose out from changes to the timetable.

Copy of the report attached

• More on the WASPI campaign here: www.waspi.co.uk

pdf
File Name: SNP-Westminster-Report-Final.pdf
File Size: 398 kb
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Saturday, 20 January 2018

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