The Labour Party has pledged to spend £58bn compensating so-called WASPI women up to £31,000 each.

The CII’s Insuring Women’s Futures initiative has unveiled a list of measures it says the Government, regulators, financial services providers, guidance services, financial advisers and employers must adopt to end female pensioner poverty.

The Conservative Party launched its manifesto yesterday in the marginal seat of Telford with the 64-page document including a number of pensions pledges.