Spending Review: Pension age change hits women hardest

As part of the Spending Review, George Osborne today announced the SPA will begin rising to 66 from 2015. "This is a very big change for women," says director-general of Saga Ros Altmann. "Men's pension age rises by one year, but women's rises by six years in 2020. "It makes sense to align the SPA for men and women, but this means those who cannot find a job will no longer get pension credit." Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), says: "These changes will have a particular impact on women in their late 50s, who may have to review th...