New pension plans to be unveiled

Plans for a radical shake-up of state pensions are due to be announced by the Government amid warnings that it will be little more than a "con trick" and could affect a hard-fought deal on public sector pensions.

The coalition's proposals include a single flat rate state pension, equivalent to around £144 in today's money, to be introduced for new pensioners from 2017 in a bid to simplify the system.%VIRTUAL-SkimlinksPromo%