Triple lock 'cannot last forever'

Prime minister Andy Burnham is rumoured to be looking at scrapping the mechanism

clock • 4 min read
Hymans Robertson head of pensions policy innovation Calum Cooper
Image:

Hymans Robertson head of pensions policy innovation Calum Cooper

The triple lock cannot last forever, Hymans Robertson warns as rumours circulate that prime minister Andy Burnham is considering scrapping the mechanism.

The triple lock mechanism is what the state pension increase is based on, rising by the highest of either annual earnings growth, inflation or 2.5%. The state pension is expected to rise by 3.9% in...

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