State Pensions

The Government says it intends to press ahead with its timetable to raise the state pension age for women despite the threat of a revolt by Conservative and Liberal Democrat backbenchers.

Women, carers and the self employed could be among the winners from the huge pension shake-up that could see a £155-a-week flat-rate state pension from 2015 or 2016.

Public sector workers should be stripped of their final salary pensions and instead have schemes linked to average earnings, a Government-commissioned report recommends today.

The Government is to embark on a fundamental overhaul of the pensions system to ensure it "pays to save" for retirement, Iain Duncan Smith will say today.

The Government has confirmed plans to simplify the state pension system but stopped short of announcing firm plans.

The pensions landscape will undergo major change over the coming months with the first set of new plans set to be implemented in April.