Where's the catch?

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The government is planning a "very radical" overhaul of the state pension, Business Secretary Vince Cable says.

He did not confirm newspaper reports that it could rise from about £97 a week for a single person to £140.

But Mr Cable said the proposals, such as replacing means-tested pension credits with a flat-rate payment, would ensure a "decent" retirement.

Critics said it sounded "too good to be true" and unaffordable, despite savings in administration costs.

At the moment, pensions are topped up to £132 a week for the poorest, through the means-tested pensions credit.

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But Lib Dem pensions minister Steve Webb, who has come up with the proposals, wants to scrap the existing system and replace it with a flat rate of £140 a week for everyone.

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http://www.bbc.co.uk/news/uk-politics-11618019