The government is "pressing ahead to accelerate the state pension age" on a "flawed basis", Shadow Secretary of State for Work and Pensions Debbie Abrahams has said.
Speaking at the Trades Union Congress' Fixing the retirement lottery conference, today 27 February 2018, Abrahams highlighted that the planned increased of the state pension age to 68 has been justified on a very flawed basis.
"The evidence is clear that increases in life expectancy are slowing and women are most adversely affected no doubt," she said.
Abrahams continued that it is crucial to make a difference for women's income in retirement. "Women are still the lowest paid and at high risk of falling into poverty when they retire", Abrahams noted.
Also speaking at the conference, TUC policy officer Tim Sharp echoed: "Automatic enrolment still isn’t working well for women," adding that "a decent state pension could solve part of the problem regarding pensions inequality between the sexes."
Furthermore, on cost and charges, the Shadow Minister stated that the government's latest report "does not go far enough". As a result of the opacity in the pensions industry, the majority of savers are "being kept in the dark" regarding their pension savings, she added.
Overall, the MP echoed the shared view that there is a need for greater simplicity and transparency in pensions in order to get more out of the system for everyone.
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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