UP to 10 million pensioners could be better off, after a new pension system lifts them off means tested benefits and replaces than with a flat rate Citzens pension.
Although the scheme would see that pensioners are better off, leaving them with £105 per week, no matter what they've earned, or how long they've worked for, people would have to work until the age of 69 to fund the scheme.
It would help people to save for their pensions as they would know what they are in line for, and it would provide pensioners with a more secure future.
It's also thought that the scheme would be fairer to women and carers, as because of the long periods they spend without working, thay often recieve a lower pension.
Christine Farnish, chief executive of the NAPF, said: 'Since our original proposals for a Citizen's Pension were published three years ago, the debate on pension reform has moved on significantly.
'People want a simpler, fairer system, which does not penalise women who have taken work breaks, and which does not subject millions of pensioners to means testing.'
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