• PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

  • pensionsandsavings.com

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    Tag: Triple lock state pensions

    Triple lock state pensions

    Triple lock state pensions

    6 November 2016 State Pension should move to a double lock from 2020 – 2.5% guaranteed rises make no sense Triple lock was introduced for political reasons but 2.5% inflates long-term costs  Double lock can protect pensioners properly against rises in earnings or prices  Must not increase means-testing of State Pension as that would undermine private saving The State Pension triple lock is promised until 2020 – after that, the law only requires earnings increases. However, because the triple lock…

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