Summary
Thousands of women in their mid-50s, who could be hit hard by future increases to the State pension age, have been thrown a lifeline after the Government announced a delay in the Second reading of its controversial Pensions Bill. The delay has been prompted by the Government's decision to consider proposals that would reduce the financial impact of its intended pension changes on women currently aged between 56 and 57.
It follows a demonstration at Westminster last Wednesday by many of the women affected. If passed in its current form, the Pensions Bill would speed up the timetable for the equalisation of the State pension age for men and women to 65 by 2018 - two years earlier than the Government had promised. There will then be an increase in State pension age for everyone to 66 by 2020.See the full content of this document
Extract
Planning has Been Blown Out of the Water'
But it means 330,000 women aged between 56 and 57 now would have to wait up to two years longer to collect their State pension - losing the equivalent of up to Pounds 5,000 in income each year.
Ros Altmann, pensions campa...See the full content of this document
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