Pensions Minister to address Commons at 3:30pm

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Steve Webb will make a statement to the Commons this afternoon on state pension reforms, expected 3:30pm. Follow #singletier for updates.

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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.