Waspi Women

Whilst I understand that some individuals would have been horribly effected by a late notification (particularly those women who lived on their own), I can't understand how they can make any compensatory awards fair. Especially if it's the same amount for each person. People will have had wildly different situations. Some will have been massively effected whilst others not so much.
 
manclad said:
When changes to private pensions were introduced in 2015 ,one of the new pensions that was introduced was "drawdown" which meant that I could retire at age 62 by taking a larger monthly amount initially,and then taking less each month when I got my state pension.
I still had to wait until I was 66 before I qualified for my SP , like alot of other men born in the 1950s.
And yet there are no protests or marches on Parliament from Boomer guys, some of these Waspi women are so entitled and think the world owes them a living.
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That’s not a drawdown. A drawdown is taking all the cash you’ve have built up and putting it in funds and living off, hopefully, any profits.

You’re thinking of a PIE (Pension Increase Exchange) pension where you get a higher amount until your state pension kicks in.

Agree with your broader point by the way.
 
One Fan Clapping said:
That’s not a drawdown. A drawdown is taking all the cash you’ve have built up and putting it in funds and living off, hopefully, any profits.

You’re thinking of a PIE (Pension Increase Exchange) pension where you get a higher amount until your state pension kicks in.

Agree with your broader point by the way.
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No that's an annuity. He's right.
 
manclad said:
A law was passed by Parliament in 1995 so that women were brought into line with the state pension that men had for the previous 60 years.
How much notice do these entitled women need.
100 years notice and they would still be fucking moaning.
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Pre internet , nobody from the gov wrote to them with the changes that applied if they were born before a certain date , not entitled, owed ffs, be a man and fight your own corner on your pension
 
kaz7 said:
Pre internet , nobody from the gov wrote to them with the changes that applied if they were born before a certain date , not entitled, owed ffs, be a man and fight your own corner on your pension
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We did manage to gather news and other information before the Internet existed, usually from newspapers, magazines and TV.
These pension changes were well publicized on all 3 mediums I have mentioned, they were headlines all through the mid 90s. I knew all about them, and they didn't affect me at all.
 
manclad said:
We did manage to gather news and other information before the Internet existed, usually from newspapers, magazines and TV.
These pension changes were well publicized on all 3 mediums I have mentioned, they were headlines all through the mid 90s. I knew all about them, and they didn't affect me at all.
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the gov was supposed to contact every woman affected , as the do now a days , they didnt so that is that , i wasnt reading newspapers back then and had no idea about it , it doesnt involve me anyway but the gov got it wrong , not that they will put their fucking hands up , any of them
 
kaz7 said:
the gov was supposed to contact every woman affected , as the do now a days , they didnt so that is that , i wasnt reading newspapers back then and had no idea about it , it doesnt involve me anyway but the gov got it wrong , not that they will put their fucking hands up , any of them
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They have never contacted me either to let me know I have to work until I am 67 years until I reach State Pension Age (SPA). Seven full years later than I was due to receive my State Pension than when I first started work at the age of 16 years.
 
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It won't be the government who pays for any compensation. It's working age people and future generations.

I'm guessing the majority of women affected by this voted for the Tories in the last election and against Corbyn who said he'd look into it make it right.

The WASPI women couldn't organise a piss up in a brewery, there have been numerous fallouts and splits in the organisation. Not surprising from a cohort of people who neglected their responsibilities for their own financial planning.
 
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Mr Kobayashi said:

It won't be the government who pays for any compensation. It's working age people and future generations.

I'm guessing the majority of women affected by this voted for the Tories in the last election and against Corbyn who said he'd look into it make it right.

The WASPI women couldn't organise a piss up in a brewery, they've been numerous fallouts and splits in the organisation. Not surprising from a cohort of people who neglected their responsibilities for their own financial planning.
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I have been trying to explain your last paragraph since I started this thread in 2019.
But these Waspi women can't see that it was their own responsibility to plan for their retirement,and they were all given more than adequate notice of the increase in SPA , but they want to blame someone else for their lack of planning.
And I will be very surprised if they get any compensation, the issue will drag on for years and years .
 
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I work for DWP, although I've never worked on the Pensions side.
20 years ago we knew the pension age would have to be increased, but perhaps I was more aware of the discussions around it because of my job role. Plus, about 14 years ago, we could see it coming into action because of the changes at which each claimant (I worked on JSA at this time) was due to reach retirement age.
I think the main unfairness is for those women born at the beginning of the 1950s who, regardless of the reasons why, were unaware of it and weren't notified.
 
normskih said:
They have never contacted me either to let me know I have to work until I am 67 years until I read State Pension Age (SPA). Seven full years later than I was due to receive my State Pension than when I first started work at the age of 16 years.
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It is a scandal , typical of men to slate the women involved
 
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