Older women poorer after pension age change, says IFS

More than a million women in their early 60s have become poorer as a result of delays to their state pensions, according to a new study.

Researchers at the Institute for Fiscal Studies (IFS) found that, on average, household income of women aged between 60 and 62 was now £32 a week lower.

As a result poverty rates among that group have risen sharply, it said.

But the IFS also said the savings, and extra tax from working women, meant the state was £5.1bn a year better off.  More