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
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
