Autumn Statement: Hammond keeps triple lock but hints it could come under threat after 2020

Stephanie Baxter
clock • 2 min read

The chancellor has confirmed the government will keep the state pension triple lock but warned it could be cut in future due to rising longevity.

In his Autumn Statement today Philip Hammond said the government would keep its pledge by maintaining triple lock until 2020. This policy guarantees the state pension rises by whichever is highest ...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Budget 26: Government to remove two-year tax rule on lump sum death benefits

Budget 26: Government to remove two-year tax rule on lump sum death benefits

Changes will also be made to how tax due on excess lump sum death benefits is collected

Jonathan Stapleton
clock 28 October 2026 • 3 min read
Budget 26: Government confirms changes to HMRC terminal illness definition

Budget 26: Government confirms changes to HMRC terminal illness definition

Move will make it easier for people at the end of their life to access their pension savings

Jonathan Stapleton
clock 28 October 2026 • 2 min read
Schemes could be overpaying tax on DB surplus refunds, advisers say

Schemes could be overpaying tax on DB surplus refunds, advisers say

HMRC position conflicts with legislation and trustees remain unwilling to launch challenge

Alex Levy
clock 26 October 2026 • 4 min read
Trustpilot