Finance Expert said WASPI ‘Absolutely’ Get Compensated

Christine Mary Edwards

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Finance Expert said WASPI 'Absolutely' Get Compensated

WASPI Latest News: The co-founder of the women’s finance community The Curve, Victoria Harris, recently made a statement in support of the WASPI women facing pension loss due to the change of State Pension Act in the UK.

Victoria Harris stated that the WASPI should ‘absolutely’ get the compensation, a fair compensation as they totally and rightfully deserve it.

She added “The way these women were treated was nothing short of shameful. They had their retirement plans upended, often with little time to make alternative arrangements. Many were forced to continue working, some fell into poverty, and others had to rely on family or benefits to get by.”

The WASPI women have been fighting for their compensation for the last 10 years and the progress is really very slow. After the new labor government was made, there is hope that the process of providing compensation will be a bit faster.

Recently, for the first time, Pension Minister, Emma Reynolds & WASPI Chair, Angela Madden met to discuss the matter.

As per a report of the Parliamentary and Health Service Ombudsman (PHSO), the suggested compensation is between £1,000 and £2,950, which is not fair compensation according to the WASPI women.

Victoria Harris said, While it’s impossible to fully make up for the years of lost pension and the stress these women endured, we need to start somewhere. Some WASPI campaigners are calling for upwards of £10,000 and closer to the full pension they feel they’ve missed out on. The Government needs to engage in serious discussions with these women to find a fair solution.”

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