Triple lock has 'outlived its purpose', says Altmann

James Phillips
clock • 3 min read

The government should drop the 'triple lock' for state pensions as it will become unaffordable, former pensions minister Baroness Ros Altmann has said.

Instead, the government should pursue a ‘double lock' policy, based on the rise in average earnings or inflation, in order to save £6bn a year on long-term costs. The ‘triple lock' currently ens...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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