The Liberal Democrat manifesto will commit to making the state pension triple lock law, boosting the benefit by at least £790 a year by 2020, says pensions minister Steve Webb.
The triple lock was introduced by coalition government in 2010 and guarantees the state pension will increase by the higher of consumer prices index (CPI) inflation or average earnings, with a 2.5%...
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
