Tory Government is failing to be straight with people about their pensions - Owen Smith

Owen Smith MP, Labour’s Shadow Secretary of State for Work and Pensions, commenting on the work and pension committee’s report in to state pension arrangements said:

“The cross party committee has echoed Labour’s concerns that this Tory Government is failing to be straight with people about their pensions. Communication has‎ been woefully lacking, especially with people who stand to lose out as a result of government changes. More should be done to warn those who are set to lose out following the roll out of the new state pension, especially as a majority of people now under 43 will be worse off, by up to £20,500. 

"I welcome the report’s calls for the Tories to wake up to the scale of their mishandling of speeding up the state pensions age rise for women born in the 1950s. The women affected have worked hard all of their lives and the least they deserve is for the Government to look seriously at options to help them, starting with the early access to pensions option that is gathering such momentum.”