APPG meeting held to mark the launch of new landmark report of the Government’s ‘frozen’ pensions policy.

March 12, 2024 Frozen British Pensions 2 Comments

In March of this year, International Consortium of British Pensioners (ICBP) Board Member Patrick Edwards visited the UK to promote our new report titled ‘Frozen Pensions: A Policy Overdue for Review’ and discuss the recent engagement from the Canadian and Australian Governments on the policy.

The report presents key findings on the cost of addressing the policy issue, estimated at approximately £60 million per year to Treasury should the Government mimic previous reciprocal agreements the UK has negotiated with other countries in the past, and opt to unilaterally uprate all overseas pensions going forward.

Amongst attendees at the APPG meeting were parliamentarians Martyn Day MP, Lord Wasserman, Lord Davies of Brixton, and Lord German, as well as a representative from the Australian High Commission.

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Comments

  1. Grant McLachlan
    May 24, 2024 - 7:31 am

    I am keen to know if there is any progress on the frozen pension issue. I am in South Africa and I hope the Australian and Canadian contingent don’t forget about us in South Africa, and that we have had made the same contributions over the years!

    I am also keen to know if a new government after the election would be prepared to make a move on this issue.

  2. BrianSlade
    May 24, 2024 - 1:39 pm

    15 years now on a Frozen UK State Pension for which I paid full NHI contributions during my working life. Inflation during that time, here in South Africa and elsewhere, has averaged 5% pa. There are no (polite) words to describe this indefensible, discriminatory policy. I hope the new Labour government will be more sensitive to our plight and do the right thing but I am not holding my breath. Collectively I’m sure we save the NHS more pa than it would cost to update our pensions!

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