Pension Equality for Women

Scott Mann Excerpts

Thursday 14th December 2017 Commons Chamber

[Grahame Morris]

Absolutely. The hon. Gentleman, with typical alacrity, has hit the nail on the head. Nevertheless, there is an injustice that must be rectified, and the Government need to do that.

[Scott Mann (North Cornwall) (Con)]

Does the hon. Gentleman contend that the changes in 1995 were wrong, or were the changes in 2011 wrong? Many people I have met feel that the 2011 changes were too rapid.

[Grahame Morris]

The fundamental point, which has also been made by Government Members, is the lack of notice about the 1995 changes, and in some cases, the failure to give any notice at all. There is an issue of communication. A number of groups are campaigning on this issue, and there is a general acceptance of the need to equalise state retirement pension age—I do not think there is dispute about that and we are in agreement on it. The issue is the phasing, and the acceleration of that phasing in of the original changes in 1995.

--- Later in debate ---

[Scott Mann (North Cornwall) (Con)]

It is a pleasure to follow the hon. Member for Coventry South (Mr Cunningham), and I congratulate the hon. Member for Easington (Grahame Morris) on securing this important debate. I am here to speak on behalf of my North Cornwall WASPI women. I have met them numerous times at different events over the past two and a half years. I presented a petition on their behalf last year, and many of them have come to see me at surgeries in the towns and villages of my constituency to express their concern about the challenging times that many women are facing. Other hon. Members have alluded to some of those challenges today.

Most people who come to see me have worked their entire life. They might well own their own home and not be in a position to make the transition for those 18 months. I support transitional measures for our WASPI women, and I believe we can reach a practical solution by reducing the state pension over a longer period of time. Private pension providers already allow that. The option should be given to people with public pensions.

The changes in 2011 were rushed and wrong. The equalisation of pensions from 1995 was the right thing to do but, with increases of between two months and 18 months, people have suffered in different ways, which we should acknowledge. People should be able to take their pension earlier, or have the option to wait and have the £159 a week, as it currently sits. I have produced some figures, and my benchmarks are based on the current life expectancy for a woman in the UK of 83 and the pension age in 1995 of 66.

At the moment, the state pension is £159.55 a week. Over the 17 years leading up to average life expectancy, the pension would cost just over £141,000. I have done some modelling based on £130 a week, £140 a week and £150 a week for a reduced pension over a longer period. I have used the baseline to measure that against the least affected women, those affected for two months, and the most affected women, those affected for 18 months.

I put together my proposals over the past few days. The conclusion I have reached, according to the figures, is that the only group that would be affected if the proposals were introduced are the people who have to wait for 18 months, the most affected group. Even then, the Government would have to find only £2,357 over the lifetime of the pension. All the other models come out positively for the Government. We should do this as a gesture to the affected women.

Will the Minister sit down with me to look through my figures to see whether there is a satisfactory solution to the problem? I am happy to meet him if he is happy to meet me. We should consider a sensible way forward. I am not entirely sure I will be here for the winding-up speeches, but I would welcome the opportunity to meet the Minister at a later date to discuss a practical solution.