‘I missed out on £47,000’: Pension report could recommend compensation

A long-awaited report on how women born in the 1950s were affected
by increases to their retirement age is due to be published today.

An ombudsman has been looking at potential injustices resulting
from the decision to raise women’s retirement age to bring it into line with
men’s.

For more than six decades in the UK, men retired at 65 and women
retired at 60.

In 1995, a new law set out a plan to raise the
retirement age for women so it would be the same as men.

The original plan was for the changes to come in between 2010 and 2020, but in 2011 the coalition government accelerated the shift in a bid to reduce the cost of the state pension system to the taxpayer.

Campaigners say millions of women suffered financially as they
were not warned about the rise ahead of time, and should receive compensation.

Stay with us as we bring you all the latest lines and analysis,
and hear from some of the women whose pensions were affected by the change in
retirement age.