Why we should all care about women’s pensions

Daniella Jenkins

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Few subjects get more yawns than pensions, yet they have a profound impact on our quality of life in old age. My passion for pensions was sparked by seeing my mother’s struggles in later life - it really seemed as if pensions were the last kick in the teeth from the patriarchy, a trend I became determined to do something about!

It won’t surprise you to learn that pensions are gendered; women are statistically likely to be worse off financially in retirement than men, regardless of educational and marital status or whether they have children. It’s no coincidence that more women rely on means tested benefits or family support when they get old. And the real sting is that women have longer life expectancies too - so we live longer lives on less money.

The sad truth is that the root causes are not new. Women’s unpaid work is unrecognised in the pensions system while work based inequities such as pay discrimination transfer employment inequalities into retirement ones. I don’t claim to have all of the answers but here’s my thoughts on three changes that could really make a different to women’s pensions:

1. Stop seeing women as the problem

Terms such as “perils and pitfalls” and “maternity penalty” suggest that women’s lives are problematic. Options such as not getting divorced, having children or working in higher paid roles that they might not otherwise want simply to increase their pensions are not realistic for the majority of women. Moreover, these solutions ask individual women to mitigate the inequalities caused by the pensions system. Women shouldn’t have to change to suit pensions - pensions should change to better serve women.

2. Actively engage with women

The scandal of the WASPI women - 1950s-born women whose state pension age increase was accelerated, leaving many unexpectedly waiting for their pensions for longer than they had budgeted for - showed the devastating impact of the Department of Work and Pensions (DWP) failure to communicate pensions changes clearly. There is also a new scandal growing, as it was not made clear to many older women (who are relegated to lower state pension payments) that they needed to inform DWP when their husbands reached state pension age at 65. Nor are younger women immune from the communication gaps, with many missing out on carers’ credits towards their state pension because they do not claim Child benefit. Women rely on state pensions much more as they have less income from occupational or private pensions. Despite this, women are expected to navigate a complicated system alone and without guidance. It is incumbent on the DWP and the government to communicate clearly with women of all ages about pensions, so that everyone can feel confident in the amount of state pension they will get.

3. Think creatively

Our current pension system is based on a 1950s ideal and doesn’t reflect the complexities of many women’s lives, from job sharing and freelance working to the care work many women do to prop up our fragile social care system. Increasingly men too are affected by these issues. We should not kid ourselves that this is a zero-sum game - fairer pensions benefit everyone. My research reframes pensions along gender equal lines by thinking differently about how we age and work. I’m hoping to bring others along with me and would love to hear from the WE community - particularly younger women who still have some time before retirement - about your experiences and ideas on how we can change pensions for the better. We don’t need handouts, just recognition for what we do already.

Daniella Jenkins is Executive Director of the WOW Foundation and a Policy Advisory Group member of the Women’s Budget Group. You can get involved or find out more about her pensions research at www.thefeministpensionproject.com

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Emma Brown commented 2024-04-24 05:20:48 +0100
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John Smith commented 2024-03-04 15:39:54 +0000
I think it’s very convenient to have a separate card for pensions. Well, or generally for a specific category of your finances. Some people prefer to open different virtual accounts, but use one card. On the contrary, it’s easier for me to throw money at different cards.
christine Kingham commented 2023-08-05 20:31:21 +0100
Prior to 1976 women did not receive family allowance/child benefit.This means that I have lost 10 years of pension rights. I had four children to care for at the time. One of my children was severely disabled and needed a lot of care day and night. Life was difficult for women. Domestic violence, no matter how severe was referred to as a domestic. The police were not interested.Men claimed income support but did not have to give any of it to his wife and children. A married woman could not clain Income support even if the husband kept all of the money and left his dependants to starve.Things are better now of course but there is still a legacy for women who have already reached pension age. Myself and many women like me do not receive a full pension. We were forced into poverty by abusive husbands in the past and are forced into poverty by uncaring governments now. Women married before 1976 should be made a special case. We raised children and cared for the working man but got no benefit or return for it. Divorced women caring for children can no longer rely on their ex husbands contributions. men with a good record of NI contributions worked no harder than women but enjoy a better retirement. This is grossly unfair to women and is a discrimination aginst women, mothers and housewives. Women should receive a full pension just as men do.We had no nurseries to care for our children whilst we worked. We were the carers. It was normal in the 70’s for men to be out every night drinking whilst the woman cared for her children. Men are still treated better than women even though women had the harder life. There is little wonder that women no longer want to be tied down with children and elect to be childless. Women are human too. Women matter too. Women deserve a full pension too. Our government allowed women to be treated like slaves in the past and women now deserve compensation just as this government consider compensating the Windrush generation, women born in the 1940’s should be compensated and given a full pension as a right in recognition of their contribution to the working population and their nurturing role which went unrecognised after the war.
Richard Lang commented 2023-03-30 09:57:03 +0100
As a man who cares deeply about gender equality, I was pleased to read this article from Women’s Equality UK about the issue of women’s pensions. It’s unacceptable that women are still facing such significant disparities in their retirement savings, and I believe that it’s up to all of us to work together to address this issue.

The statistic that women’s pensions are, on average, 40% less than men’s is particularly alarming. It’s a clear indication that there are systemic issues at play that need to be addressed. We need to ensure that women are given the same opportunities as men to save for retirement and build a secure financial future.

I also appreciated the mention of the ways in which divorce can impact women’s pensions. As someone who has been through a divorce myself, I understand how challenging it can be to navigate the financial aspects of separation. That’s why I found it interesting to read about the potential impact of divorce on women’s pensions. It’s important that we continue to raise awareness about these issues so that people can make informed decisions about their financial future.

By the way, I actually used an online divorce service (https://cheapdivorcenj.com/) when I went through my own divorce. It was a cost-effective and efficient option for me, and I appreciate that more people are learning about these alternatives. We need to ensure that everyone, regardless of their financial situation, has access to the resources they need to protect their financial well-being.

Overall, I commend Women’s Equality UK for their important work on this issue, and I look forward to seeing progress in the years to come. As a society, we need to do better to ensure that all individuals, regardless of gender, are given the support and resources they need to retire with dignity and security.
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Georgianna Dare commented 2022-10-13 07:38:26 +0100
Women’s pensions are the lifeblood of the British economy. They make up a significant part of retirement savings, and they provide women with an important safety net when they retire. Without them, many women would be forced to work until they were 70 or even older to pay for their own retirement. Visit this https://forum.paganfederation.org/viewtopic.php?t=7157 site for best experience. But this is changing fast. In the past few years, we’ve seen more and more people leaving work before they’re ready to retire — which means that many people aren’t saving enough for their retirement outside of their workplace pension scheme.
Sandra Harrison commented 2021-07-31 11:09:04 +0100
How the UK government have and are treating the women in this country. We are not disputing the equalisation of the SP age, but the discriminatory way in which it has been implemented and that is by stealth and poor communication, of which there has been very little or none at all.
There have been over 9 million men 60-64 enabled to retire earlier, protecting their NI with auto credits being government funded, between 1983 and 2018, thus ensuring they get full SP at SP retirement age. Whilst women thrown aside with up to 6 years SP taken away from them. Millions unaware with not being informed of this as they should have been, and last week the Parliamentary and Health Service Ombudsman found the DWP and the government failed to prepare these women for a “financially crippling” state pension age increase.

Paragraphs from a report by David Hencke (huge supporter of 1950s women) in the Westminster Confidential, back in 2020.

“The Department for Work and Pensions has revised the estimated number of men over 60 who received what are known as ” auto credits” towards getting a full pension from 4.65m to 9.8m between 1983 and 2018.
The 4.65 million figure was already staggeringly high but the new figure is more than double the number previously disclosed. It is also well over double the number of 1950s born women who are currently waiting for their pension for up to six years.
The scale of the payments has been kept quiet by the Department for Work and Pensions for 37 years. It was only revealed last month when one of 3.8 million women facing now a six year delay to get her pension, got the admission from the ministry through a Freedom of Information request.

Letter Issued after Court Hearing ….
Yesterday the Department for Work and Pensions wrote to her again raising the figure to 9.8 million. The letter came just after the Court of Appeal hearing into the judicial review this week heard about the plight of women affected by the rise in the pension age and was told by Michael Mansfield about the men receiving ” auto credits” which was not known at the time of the first judicial review.
The new disclosure makes it even more galling for the women who were originally promised they would have their national insurance contributions paid between 2010 and 2018 only to have the offer withdrawn a year before it was due to start. A number have had to pay thousands of pounds to make up the sum for a full pension while others simply have not been able to afford it.
The letter does say that not all 9.8 million men would have benefited as some would have died, others would have full insurance records and some would have been working abroad.

Enormous Subsidy for Men
Nevertheless the scale of the subsidy must be enormous and a benefit for people years after it was offered by Sir Geoffrey Howe, the Chancellor of Exchequer in 1983, to encourage men to get off the dole to keep the very high unemployment numbers down at the time."
This story seems to get worse and worse so let us hope there will some justice from the courts for all the women concerned.
Sue Bloska commented 2021-07-30 15:38:55 +0100
Our current pension system is based on a 1950s ideal and doesn’t reflect the complexities of many 1950s women’s lives. We didn’t have job sharing, company pensions, equal pay etc. We still take on care work, propping up our social care system at a loss to ourselves.
You would love to hear from younger women. I would love to hear of more support from younger women backing us older women, not empty words. What has been done to WASPI women is a disgrace and should act as a Barometer of how this society treats women, whatever age they are.

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Bridget Green commented 2021-07-30 08:16:46 +0100
Time for action. Waspi women have needed support from all generations and genders, did we get it NO. We have now been vindicated by the PHSO, but still have to wait for the next stages, did the maladministration cause injustice and finally what will they recommend for justice…an apology….financial compensation (which could be less than 1k, while many have lost 48k) or nothing. The DWP and government have to agree to then do something. Women do not have a voice, we have written to our MPs for a fast and fair resolution but cross party support is essential. What about the 110,000 women who have died since this battle began….l could go on but is it worth it? We still do not have a voice, we still have no support from those with power. What can the WEP do, what have you done? See my post from 11mths ago.
Bridget Green commented 2020-08-24 18:28:48 +0100
I have spent much of the last 4 years fighting the injustice foisted on women born in the 1950s. Government just want us to ‘die’ and let them get on with tearing our society apart. ALL women should look to the future, because you feel finiancial stable at this point, retirement (if they let you) is a minefield. The goalposts are continually moving. Reading 2 articles today https://www.thisismoney.co.uk/money/comment/article-8656259/RUTH-SUNDERLAND-Viral-threat-womens-jobs. and https://www.gloucestershirelive.co.uk/news/gloucester-news/waspi-campaigners-urge-younger-women state, the case more eloquently than I can and Lorraine’s previous comments put into context just how bad it is for many thousands of women in our age group. My own situation is one of signing on for NI credits, living on savings and my husbands pension. Do you know what it is like to be an indendant woman and to loose that financial independance through no fault of your own? Why am I signing on for credits you might ask … the goal posts moved again and instead of requiring 30 years NI, you now need 35, but they must be “full” to qualify for the ‘New State Pension’. 80% of women are affected due to the type of work we have done, teaching, nursing any public service meant that we and our employer paid less NI (because we were paying into a works pension) Suffice to say I need 52 years NI contributions but can only achieve 50, before I reach 66. Needless to say men were given ‘auto credits’ to protect their pension rights if they left employment between the age of 60-65. (To keep them off the unemployment register). If a women doesn’t wish or finds the job searching, jobs fairs and courses to onerous then it will cost them in the region of £773 peryear they are short) You must learn from out situation, empower and educate women to provide for their futures.
Bridget Green
Birmingham
Kim Thomas commented 2020-07-30 11:51:54 +0100
I retired as a Music Teacher to find no State Pension for me. I had no occupational pension so had no income whatsoever. I had just moved out of an abusive household but had no choice but to move back in again, at least for the time being. My husband also didn’t know about the 1995; 2007; 2011; 2016 Pension Acts and Changes either, despite reading newspapers, and expected me to contribute to the interest only mortgage so because I couldn’t, we lost our home. Besides not informing me of the SPA increases, it seems the government overlooked the fact that women can have children into their 40’s and 50’s and failed to make an impact assessment for them. So my children, 15 and 17, and I were left homeless and without any income whatsoever, as my husband had always had the Child Benefit and Child Tax Credits in his name and never gave me housekeeping, and all my very part-time earnings had gone into the family kitty so no savings. It was so long ago so I didn’t think I could do anything about it legally and didn’t have the funds. I did write to the DWP a couple of years ago but was told they weren’t dealing with any more complaints. I’d never had a TV or Radio or Computer nor Newspapers or Magazines so didn’t see or hear anything-goodness knows how people with sensory loss and learning disabilities were supposed to hear about it-not to mention domestically abused and religious people who weren’t allowed these things!
Anyway, being a stoical person, I tried to move on with my life. I managed to have the CHB and CTC’s put in my name so was able to feed the children at least and asked a friend of the family to lend me the 6 months up front required to rent a property. I retrained in Autism Support but found that too dangerous for a small 60 year old and retrained as a Community Support Worker, working from 06.30-22.30 and driving 2-3000 miles per month for less than a Dustman and struggled as rent and council tax are £800. Not surprisingly, I got RSI Tendinitis and my second car packed up and I couldn’t afford another. After a 9 week wait, in which we were destitute and at risk of homelessness again, I received my “Award” of only £9.50 a week after rent, because of the LHA and Advance Repayments. At the beginning of Lockdown the Council took away my only bus as a “non essential journey” so I couldn’t work all that time and things are desperate and I often feel suicidal and have anxiety and depression. I also have had no heating for most of 3 years and there is no foodbank for 16 miles. UC payments went up as well as the LHA so I now get £36 per week plus £18.5 Discretionary Housing Allowance, that’s £54 a week which is better but I can only pay my water bill; my smart ’phone (£3 pw) and a tiny bit towards my electric and council tax debts. What sort of “Welfare Support” is that for Women in my situation and where are these “Apprenticeships” I was told to get by Guy Opperman-who would want to employ a 63 year old woman when there is such incentive to choose a young person? I thought the law says that one needs £73 a week to live on but CAB says this is legal. I have 3 years to go until my State Pension and since I have been given no transitional payments to help me through these challenging 6 years, I appear to be stuck. I think I need to move to an area with transport so as to be able to work but how do I do that with hardly a penny to my name? State Pension should be given when required NICS are obtained, I was told 30-I have 30.
Lorraine.
Caernarfon.