Government may offer compensation to WASPI pensioners

The Government might be swayed to offer compensation to the WASPI (Women Against State Pension Inequality) generation of pensioners, despite initial hesitations, according to a recent statement. Pete Mugleston, MD and financial expert at OnlineMoneyAdvisor.co.uk, explained to the Express: "The Government 's initial stance suggested a reluctance to comply with the compensation recommendations, citing budgetary constraints and differing interpretations of the law.

"However, public and parliamentary pressure, as well as continued advocacy from groups like WASPI, could influence a change in position. "We could also see some movement on this in the upcoming election as neither party will want to alienate WASPI pensioners ahead of the vote." A report by the Parliamentary and Health Service Ombudsman has proposed compensation ranging from £1,000 to £2,950. Yet, the report also highlighted that the Department for Work and Pensions (DWP) had previously expressed concerns that providing such a remedy "would be inconsistent with good administration or guidance published by HM Treasury ('Managing Public Money')". Furthermore, the DWP indicated that primary legislation might be necessary to facilitate the compensation payments. This development follows another expert's cautioning that the WASPI campaigners may find it challenging to secure these payout

Government Compensation WASPI Pensioners Hesitations Budgetary Constraints Law Advocacy Election Report Department For Work And Pensions DWP Legislation Payouts

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