Webb confirms S2P/SERPs not triple locked in current Pensions Bill

clock

State second pensions or state earnings-related pensions will not protected by the triple lock under the new single-tier system, pensions minister Steve Webb has confirmed.

The government published its white paper on the single tier pension on 14 January after more than a year of delays (PP Online 14 January). Instead of the triple lock placed on basic accrual, add...

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 Law and Regulation

Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'

Pension freedoms have delivered flexibility in the last ten years, but 'at a cost'

AKG paper says consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 11 June 2025 • 2 min read
Pension scheme reform: The key announcements

Pension scheme reform: The key announcements

PP summarises yesterday’s key government pension announcements

Jonathan Stapleton
clock 06 June 2025 • 2 min read
No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now

No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now

Torsten Bell talks about the government’s package of pension reform

Jonathan Stapleton
clock 05 June 2025 • 3 min read
Trustpilot