Webb blames overreaction for 'triple lock' speculation

clock

Steve Webb has quashed speculation the Treasury could stop up rating pensions with price inflation and replace it with a lower figure next year to save money.

The pensions minister, speaking at the annual TUC Trustee Conference on Tuesday, said he would be "astonished" if the Treasury decided to ditch the "triple lock" guarantee and use a lower figure th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: 'Crisis of confidence' in pensions; Savers withdraw £2.2bn from pots ahead of IHT changes

News Digest: 'Crisis of confidence' in pensions; Savers withdraw £2.2bn from pots ahead of IHT changes

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 11 June 2025 • 1 min read
Buzz: How positive are you about the Pension Schemes Bill?

Buzz: How positive are you about the Pension Schemes Bill?

Pension Schemes Bill, DB surpluses and DC ‘megafunds’

Professional Pensions
clock 09 June 2025 • 1 min read
Mercer to acquire Fundhouse and strengthen UK wealth management presence

Mercer to acquire Fundhouse and strengthen UK wealth management presence

Fundhouse's Rory Maguire to remain as CEO and CIO

Linus Uhlig
clock 09 June 2025 • 1 min read
Trustpilot