Millions of women forced to work longer as state pension age court battle is lost

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MILLIONS of women could be forced to work longer or survive off less cash after a landmark state pension court battle was lost today. Nearly 1.56million women born in the 1950s have been affected b…

have tools that give you an idea of what your retirement income will be, based on how much you're saving.Many employers offer sessions with financial advisers to help you plan for your future retirement.

"Rather it equalises a historic asymmetry between men and women and thereby corrects historic direct discrimination against men." But Tom McPhail, head of policy at financial provider Hargreaves Lansdown, says that given most of the women involved are now already past their revised state pension age, it is "hard to see where the campaign will go from here".

"Raising state pension age in line with life expectancy changes has been the policy of successive administrations over many years.”Steven Cameron, pensions director at Aegon says there were failings made by the government but adds that the changes were needed. "But had the state pension age for women not been brought into line with that for men and indeed the common age increased further as is now happening, at a time when we are on average living longer, it would have placed a massive and unsustainable extra burden on the working age population."IF your pension is something that is on your mind, then you might be wondering what age you can retire.

 

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What you should be really fighting for is to bring down the pension age of men !

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