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Pensions shake-up unveiled

Details of a shake-up of the state pension have been unveiled by the Government. A single flat rate, equivalent to around £144 in today's money, is set to be introduced for new pensioners from 2017 in a bid to simplify the system.

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Millions 'set to lose out' over pension reform

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.

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