Most women knew about pension changes, says chancellor, as she defends Waspi payout decision
Chancellor Rachel Reeves defends the government's decision not to pay compensation in the "Waspi" pension case
She says "given that the vast majority of people did know about these changes, I didn't judge that it would be the best use of taxpayers' money to pay an expensive compensation bill"
The Women Against State Pension Inequality say women born in the 1950s weren't properly told that their state pension age would rise from 60 to 65 (now 66)
The plans were first announced in the 1990s, and then sped up with the 2011 Pensions Act
Nine months ago, a parliamentary ombudsman recommended compensation of between £1,000 and £2,950
Labour ministers had previously supported the Waspi campaign, but the party didn't commit to compensation in its 2024 manifesto
Most women knew about pension changes, says chancellor, as she defends Waspi payout decision
