Simpler flat-rate state pension 'set for 2017'

The BBC reports the final figure will actually be higher than £144 as it will rise in line with inflation between over the next four years. It said the current state pension is £107.45 per week, but can be topped up to £142.70 with pensions credit. The new flat-rate pension will be paid only to new pensioners who reach state pension age from a date expected to be 6 April, 2017, the report added. The state pension age is set to rise to 66 for both men and women by 2020, with another increase to 67 between 2026 and 2028. Pensions expert Ros Altmann said the proposals will includ...