Is a single tier state pension the way forward?

The Government confirmed during the recent party conference season that it intends to press ahead with the introduction of a flat-rate state pension of £140 a week. While this has been widely trailed the detail has been delayed again, and we're now told it will arrive later this year. The concept sounds simple, but working out how this fundamental change will fit with the many complexities in our current system could create a minefield for a mid-term Government. The aim is laudable. While the basic state pension is relatively straightforward, the second tier benefit is very complex an...