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Pension reform: “No-one should be taken in by what is little more than a con trick”

Business quote of the day.

The National Pensioners Convention objects to the changes. Photograph: Getty Images

“No-one should be taken in by what is little more than a con trick”

Dot Gibson, general secretary of the National Pensioners Convention, is not impressed with the government’s plans for a universal pension rate. The biggest overhaul of the pensions system for a decade will start from April 2017, with a new weekly payment of £1444.