Accountancy firm KPMG has warned the new state pension will force a dramatic closure of private sector final salary schemes.
The government has announced the new flat-rate pension will be brought forward to as early as 2016.
In April 2012 the Basic State Pension will be increased in line with
CPI inflation in the year up to the end of September 2011 (5.2 per cent).
There have been a number of changes to entitlements,
including how they are measured, which will actually take place on April 11,