My parliamentary and constituency update
Thank you to all those who got in touch with me about the EU Referendum. I will be actively supporting the Labour Party campaign to remain in the EU. From the emails I received it looks like many party members locally feel the same so I look forward to seeing you all on the campaign trail!
One of the big issues I have been dealing with in Parliament has been the issue of Women's Pensions. A series of changes to the state pension age designed to equalise the pension age of men and women are causing a real problem for women born in the 1950s some of whom are having to wait more than six years longer to retire. Almost 4500 women in B&I born in the 1950’s are affected by the lack of fair transitional arrangements for all women born on or after 6th April 1951. Moreover, it is estimated that around 1300 women locally are still not aware that they will have to wait up to 6 more years than they originally anticipated. Many women have had their state pension date moved twice,
sometimes with as little as 2 years notice. The issue is not that the retirement age is being equalised (which is right) but that the women involved have not been given enough notice about the changes. I spoke in the debate, and the issue has been debated several times in Parliament before and since. I will continue to fight this battle on behalf of the many women locally who are affected. You can read more about this here.
I also attended and spoke in a debate about the failings of the FCA and its predecessor, the Financial Standards Authority which have affected many savers and small business owners. In a debate in the House I raised the issue of those affected by the way failings in the Connaught Investment Fund were handled and also those small businesses affected by the mis-selling of hedging products taken out before the 2008 banking crash for which they are still paying extortionate rates. We expect the FCA, as a regulatory body, to do its job, which is to regulate and to protect consumers and like
its predecessor, the FSA, it continues to fail consumers.
As always please do get in touch with your thoughts - you will find more information below about what I've been doing in Parliament and in the constituency.
Ruth Cadbury MP