Figures revealed that one in seven people who retired in 2013 relied exclusively on the state pension for their retirement income.
For 2014-2015 the state guarantees a minimum income of £148 a week for those who have reached the state pension age.
But from April 2016 the complex system of basic state pension, additional state pension and means-tested benefits is set to be replaced with a single-tier state pension of the same amount (in today’s money).
Will that be enough for you to live on?