PARLIAMENTARY DEBATE
State Pension Equality - 15 May 2024 (Commons/Commons Chamber)

Ministers in the Department for Work and Pensions continue to have regular discussions about state pension inequality. We introduced the new state pension in 2016, which improves outcomes for many women. Outcomes will equalise for men and women by the early 2040s—more than a decade earlier than under the previous system.

Some WASPI—Women Against State Pension Inequality Campaign—women in Bedford are living in severe financial hardship, having had their pension income stolen, in some cases twice. Their right to compensation has been tested and won. Given that a WASPI woman dies every 13 minutes, does the Minister agree that a compensation scheme needs to be set up immediately? It should not be a one-size-fits-all package, but it must be simple, clear and easy to operate.

I know that this issue is very emotive. For all of us with constituents who are worried about their pension age, I remind them that pension credit provides a safety net for people on low incomes, so they should look at the benefits calculator on gov.uk. There will be a full debate on the ombudsman’s report tomorrow, and the Government will take all views into account as we identify and implement the next steps. The ombudsman’s report is complex and substantial, and the investigation covers 30 years. I appreciate that all parties want to see the situation resolved as quickly as possible. As the Secretary of State for Work and Pensions has said, there will be no undue delay, and we will be listening to everyone.