At last night's second reading of the Pensions Bill Iain Duncan Smith and Steve Webb gave two tantilising hints of softer reforms.
In this Bill the big issue is the fate of the 500,000 women born in 1954 who, thanks to the accelerated state pension age (SPA) rise, will face up to an extra two years before they can claim their pension, with little notice. The opposition has campaigned hard on the matter, which has plenty of pathos. Poster-girls of the campaign are the grandmothers who have not been able, due to low-paid work and child-rearing, to make much private pension saving. These women, the opposition says, have worked hard, earned little and reared generation Y only to have their pensions postponed, first i...
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