In 1964 he was further honoured when he was created a life peer as Baron Oakshott, of Bebington in the County Palatine of Chester. The life barony became extinct on his death in 1975 while he was succeeded in the baronetcy by his eldest son, the second Baronet.
In 1964, he received additional honors when he became a life peer as Baron Oakshott of Bebington within the County Palatine of Chester. The life barony ceased to exist upon his death in 1975, and his eldest son succeeded him in the baronetcy.