State pension

Pensioners' incomes has grown faster since 1999 than those of working age people, the Institute for Fiscal Studies said.

France's new Socialist government, led by President Francois Hollande, will today present a decree that will lower the state pension age for people who started work early in life.

Mayoral special

Labour will vote in the House of Commons against the government's planned freeze of age-related tax allowances.

State pension payments will rise to an average of £124 a week, an increase of £6 from last year, the government has said.

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John Walbaum of Hymans Robertson proposes a fairer alternative to the universal pension.

Chancellor George Osborne has confirmed that the government will push ahead with reforms to the state pension but said age-related personal allowances will be scrapped.

The government will publish proposals on increasing the state pension age automatically this summer.

John Walbaum puts forward a different approach to helping retirees attain a decent income.