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 was also recognized when he was made a life peer as Baron Oakshott of Bebington in the County Palatine of Chester. The life barony ceased to exist upon his death in 1975, and he was succeeded by his eldest son, the second Baronet.