Pension reform: the winners and losers

On Monday 14 January, the government finally published its white paper on the future of the state pension, outlining its plans for a single, universal benefit to replace the multi-layered current system. The single-tier amount will be set above the basic level of means tested support, which is the pension credit standard minimum guarantee, currently £142.90 per week, and uprated under the provisions of the triple lock. Launching the white paper in Parliament, pensions minister Steve Webb said: "The workers of today will retire on a single, simple, decent model", which is "very much in...