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Plans to increase the state pension age in 2020 have been delayed for six months in order to address concerns that thousands of women across the UK would be disadvantaged by the move. Under Government plans, the pension age was due to increase for women from 60 years of age to 65 years of age by 2018. Following this increase, the pension age was due to rise from 65 years of age to 66 years of age in 2020, yet critics claimed that the move would result in many women having to wait an additional two years to claim their state pensions. Ministers have responded to concerns by delaying the second planned rise in the pension age for men and women by six months. This means that the pension age will now change in October 2020, as opposed to April 2020. It is claimed that the move was designed to address concerns that a group of women who were born in the 1950s were told, with inadequate notice earlier this year, that they may face a two-year delay to collect their state pensions. The change is expected to cost the Government around £1 billion.
Duncan Lewis’ employment law solicitors can act on clients’ pension concerns. The department is predominantly claimant focused and possesses the size, experience, skill, and flexibility to represent individual employees from all areas of work. The team is happy to help both publically funded and private clients and offers fixed fee arrangements, ensuring that private clients are fully aware of the costs of their case at all times.