The House of Lords has overturned Baroness Hollis's amendment to the Pensions Bill which would have give women more flexibility to buy 'added years' to increase their basic state pension.
In particular, the 75% of women who do not qualify for a full basic state pension would have been able to top up their state pension at retirement. More than 300 lords voted against the ammendment compared to just 68 in favour. Nigel Waterson, MP for Eastbourne, questioned the amendment’s funding, which would have cost £260m. He says: “Is that netted off against the means-tested benefits, such as pension credit, which the women might otherwise claim if they did not have this advantage? "Would this really be an extra spending commitment if the Government, or any opposition party, were...
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