Steve Webb: Abolition of triple-lock could increase inadequacy by two-thirds

Former pensions minister says number of those with inadequate retirement could reach 25m

Jasmine Urquhart
clock • 1 min read
Steve Webb: Abolition of triple-lock could increase inadequacy by two-thirds

Relying that the state pension triple lock mechanism will last forever and not be replaced by less generous inflation-only increases is akin to living in a “fool’s paradise”, former pensions minister Sir Steve Webb says.

Speaking at a Society of Pension Professionals (SPP) webinar on the state pension yesterday (12 December), with around 200 pensions professionals in attendance, the LCP partner highlighted that, wh...

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Jasmine Urquhart
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Jasmine Urquhart

Senior Correspondent at Professional Pensions

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