Steve Webb

The Conservatives have again reached for the knife regarding Labour's pension plans, warning its suggested move from the traditional state pension to a so-called "citizen's pension" could potentially lead to further means-testing.

In a quick-fire response, the Liberal Democrats claim pension plans laid out by the Tories yesterday will not aid the poorest two-thirds of pensioners but make many poorer still.

Qualified praise has been heaped on the Pension Commission's report by government ministers, opposition spokespeople and industry associations.