The Treasury will not allow the Department for Work and Pensions (DWP) to alter the proposals for raising the state pension age (SPA), a pensions lawyer said.
Last week, pensions minister Steve Webb said the DWP would "reflect" on its plans to increase the SPA to 66 by 2020, a proposal which puts the retirement of 500,000 women back by up to a year with little notice. But Jennie Kreser, pensions partner at London law firm Silverman Sherliker (pictured), said the Treasury would not allow any changes to the proposals that would incur more complication or cost. "The Treasury computer will say no," Kreser said. Pressure is mounting on Webb to renege on the proposals. On Wednesday, Unions Together handed a 100,000-signature petition against t...
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