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The Financial Services Authority announced a package of measures to protect consumers from unfair changes to their policies after talks with trade bodies and companies.
"Ministers seem determined to force through these harsh and unfair changes that even their own advice suggests are wrong and unworkable.
"The industry will fight against any attempts to bring in drastic and unfair changes utilising the full range of options open, including legal means if appropriate," he said.
Campaigners say the move will mean women born after April 6 1951 will have to rethink their retirement plans due to the "unfair" changes.
If anyone is looking for reasons why many women are up in arms about "unfair" changes to the state pension age, then the weird quirk in the UK pension rules outlined above is just one.
It is vital if we are to challenge the reintroduction of grammar schools, the unfair changes to political party funding that will break the link between Labour and the trade unions, or the Tories' decision to ignore two million voters in their bid to gerrymander the parliamentary boundaries.
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They are feeling very betrayed and frightened by what seems a very unfair change".
"My view is there are many areas of weakness in this announcement - primarily that this is an unfair change in contractual terms for students, one no commercial company would've been allowed to do.
Ms Reeves is expected to say: "This is a deeply unfair change from a Government that is increasingly out of touch with parents feeling the squeeze and struggling to juggle work and family life.
Demonstrations first started against an unfair change to the social security system, but they were met with lethal force by police and they soon grew into a movement calling for Ortega to get out.
Guy Parckar, acting director of policy and campaigns at the charity Leonard Cheshire Disability, said: "This is a fundamentally unfair change that could have a hugely detrimental impact on thousands of disabled people, leaving many effectively trapped in their homes, unable to afford to go out.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com