A million women £32 a week worse off thanks to pension age changes

IFS says increased UK state pension age is lifting earnings from employment but only partially offsetting reduced incomes from other benefits

More than a million women are worse off by an average of 32 a week under changes to the state pension age and poor households are being hit the hardest, according to analysis by a leading independent thinktank.

The Institute for Fiscal Studies (IFS) also highlighted a significant boost to the public finances from the government's move to lift the pension age for women from 60 to 63 between 2010 and 2016.