Pension age change leaves older women poorer, says IFS

Report on effects of raising female state pension age

clock • 3 min read

More than one million women between 60 and 62 are £32 a week worse off because of delays to their state pensions, according to a report by the Institute for Fiscal Studies (IFS).

While poverty rates among that group have risen sharply, the report said, the resulting savings, in combination with extra tax from working women, meant the state was £5.1bn a year better off. The BBC quoted the government as saying its pensions policy was "fair and sustainable" and matched continuing rises in life expectancy, and the campaign group Waspi (Women Against State Pension Age Inequality) describing the research as shocking. "Once again, this shows the government has implemented state pension age reforms without adequately considering the full impact of these changes on the...

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