Lords fail to slow govt's pension age rise

Lords yesterday rejected an amendment submitted by Labour peer Lord McKenzie which would have ensured nobody will have more than one year added to their SPA. However the Lords voted instead for the government's amendment, which ensures the rise will extend the SPA by no more than 18 month. Originally, the government proposed to raise the age at which people can start withdrawing their state pension to 66 by 2020, beginning the rise in March of that year. Instead, it will begin the rise in October 2020. Lord McKenzie's amendment would have delayed raising the SPA until after 2020, s...