A former pensions minister has warned the Women Against State Pension Inequality Campaign (WASPI) that they are likely to receive “tiny bits of compensation” and not the “thousands and thousands” they may be expecting once the Parliamentary Ombudsman has released its final report.
Former Liberal Democrat MP Sir Steve Webb, who held the post of pensions minister under the Coalition government, appeared on The Martin Lewis Money Show Live this week in a special edition of the programme looking at pensions. He is now a partner at Lane Clark and Peacock - the pensions consultancy firm which first helped identify State Pension underpayments for thousands of women.
His comments came in response to a query from a viewer called Julie, who emailed the show and said: “Like so many other WASPI women, I had no notification that my pension age had risen to 66. I was expecting to retire at 60, the extra six years came as a terrible blow, but still no movement on any sort of resolution, why?”
