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MPs to hear evidence on women’s pension age changes

Frank FieldMore evidence will be heard today by MPs looking into the changes to the state pension age for women.

Thousands of women will be affected by the decision to change the age of eligibility for claiming their pension from 60 to 66.

Many have said they were not properly informed and will be denied thousands of pounds to which they feel they are entitled.

The Work and Pensions Select Committee will hear from Chris Curry, director of the Pensions Policy Institute, Alan Higham of PensionsChamp advisors, as well as Martin Clarke, the government actuary, on how to develop a formula to calculate an “actuarially” or fiscally neutral option for people to draw their state pension early.

This option was proposed by the Committee in the second report of their inquiry Understanding the new State Pension in response to concerns particularly among women nearing retirement age that they had not been informed in sufficient time about changes to the state pension age to be able to plan for their retirement.

The Committee Membership is as follows:

Frank Field (Labour, Birkenhead – chairman, pictured above); Heidi Allen (Conservative, South Cambridgeshire); Mhairi Black (Scottish National Party, Paisley and Renfrewshire South); Ms Karen Buck, (Labour, Westminster North); Neil Coyle (Labour, (Bermondsey & Old Southwark); John Glen (Conservative, Salisbury); Richard Graham (Conservative, Gloucester); Craig Mackinlay (Conservative, South Thanet); Steve McCabe (Labour, Birmingham Selly Oak); Jeremy Quin (Conservative, Horsham); Craig Williams (Conservative, Cardiff North).

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