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.
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.