All the updated news related to pensions triple lock

All the news related to pensions triple lock updated in real time

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Scotland

Lib Dems pledge to be ‘strong champions’ for the pensions triple lock

Scottish Liberal Democrat leader Alex Cole-Hamilton has insisted his party will continue to be “strong champions” for the pensions triple lock. The Liberal Democrats were part of the government which introduced the policy – which ensures state ...

31 May 2024 at 16:54

Pensioners could be set for inflation-busting state pension rise next April

Pensioners could receive an inflation-busting state pension increase next year, which could re-ignite the debate around the sustainability of the triple lock, experts have said. Under the triple lock, the state pension usually rises each ...

18 Oct 2023 at 14:36

State pension set to rise by £460 next April

The full state pension is set to rise by £460 from next April, according to official wage figures. The Office for National Statistics (ONS) said total pay increased by 4% in the three months to July. While this is the lowest increase ...

10 Sept 2024 at 09:43

Personal Finance

Stubbornly high inflation ‘could pave way for state pension boost next year’

Stubbornly high inflation could pave the way for another bumper state pension boost next year, if the “triple lock” is maintained, according to a finance expert. September’s inflation figure is used to help calculate the triple lock,...

26 Jun 2023 at 15:41

Personal Finance

Triple lock increases state-pension spending by £11bn a year – analysis

An additional £11 billion per year is spent on state pensions as a result of the triple lock, compared to what spending would have been if growth had been in line with either prices or earnings, according to the Institute for ...

08 Sept 2023 at 00:01

Labour pledges to retain triple lock and undertake pensions review

Labour’s pledge to retain the triple lock is “sensible in terms of winning votes”, but the continuation of the policy is “fraught with problems”, according to a pensions expert. The triple lock guarantees the state pension ...

13 Jun 2024 at 14:37

Personal Finance

Minister defends triple lock for pensioners despite affordability concerns

Work and Pensions Secretary Mel Stride has defended the continuation of the triple lock for pensioners despite concerns on long-term affordability. The triple lock refers to the commitment to raise the state pension every ...

08 Apr 2024 at 09:17

Sunak pledges pensions triple lock will stay in place throughout next Parliament

Rishi Sunak has assured the public that the pensions triple lock will remain in place throughout the next Parliament if the Conservatives win the general election. During a grilling by MPs on the Commons Liaison ...

26 Mar 2024 at 15:54

Around 2.5m people ‘could still pay tax on state pension under triple lock plus’

Around 2.5 million people could still pay tax on their state pension if the Conservatives’ proposed “triple lock plus” policy is put in place, a former Liberal Democrat pensions minister has said. The triple ...

21 Jun 2024 at 00:01

Pensions set for bumper increase after Truss says triple lock is being protected

Pensioners ‘could miss out on £442 a year if triple lock is not maintained’

Retirees are heading for a bumper increase to their state pension next year after Prime Minister Liz Truss said the triple lock is being protected. Speaking in the House of Commons, Ms Truss insisted that ...

19 Oct 2022 at 15:12

‘Sigh of relief’ for pensioners as triple lock is confirmed for next April

Retirees are heading for a 10.1% increase to the state pension from next April, after Chancellor Jeremy Hunt confirmed that the triple lock is being protected. Delivering the autumn statement, Mr Hunt ...

17 Nov 2022 at 17:38

Autumn statement at a glance: What measures did the Government announce?

Autumn statement at a glance: which measures were announced by the Government

Jeremy Hunt used his autumn statement to announce tax cuts, tighter welfare rules and further measures aimed at getting more people into work. The speech, delivered to the Commons on Wednesday, is ...

22 Nov 2023 at 17:18

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