A SIMPLE new Citizen's Pension, worth £105 a week, is a realistic solution to Britain's pension problems, says a report.
And it could be introduced by 2010, according to The National Association of Pension Funds.
A study of the scheme revealed it was do-able, affordable and achievable within six years.
The scheme aims to replace the present tangle of state provision with a single, universal, flat-rate payment worth at least £105 a week at current prices and rising in line with earnings.
Some eight million pensioners now receiving less than £105 a week from the state, would immediately gain, the NAPF said.
These would include over 1.5m pensioners now entitled to Pension Credit who do not receive it.