Many retirees on the old basic state pension are feeling hard done by as they believe the new state pension offers younger pensioners a better deal. So what’s going on?

Today, there are two state pensions.

Anybody who retired before April 6, 2016, gets the old basic state pension. The new state pension applies to those retiring from that date.

There has always been a gap between how much the two pensions pay. That was baked in, right from the start.

On April 6, 2016, the basic state pension paid…