- 25 updates
Independent economists claim changes to the state pension, which were set out today by the Government, will hit more people than they will help. The self-employed and women who have given up work to raise families will benefit.
But the Institute for Fiscal Studies says millions of others will lose out. Our Political Editor, Tom Bradby, looks at the winners and the losers.
Labour claims more than 400,000 women on the verge of retirement will miss out under the Government's pensions reforms. Shadow Pensions Minister, Gregg McClymont, said the plan would create "steep cliff edges and significant costs".
The government has published its plans for pension reform online. You can read the White Paper in full here.
Outlining the pension shake-up in the Commons this afternoon the Pensions Minister, Steve Webb said:
Dr Ros Altmann, who advised the Labour government on pensions, tells ITV News how the future reforms will affect different groups.
Latest ITV News reports
The future flat-rate pension unveiled by the Government will be worth £144 in today's money. But who stands to benefit and who loses out?
Ministers promise a richer retirement for women, low earners and the self employed, but others warn people must work longer for less reward.