Webb confirms S2P/SERPs not triple locked in current Pensions Bill

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State second pensions or state earnings-related pensions will not protected by the triple lock under the new single-tier system, pensions minister Steve Webb has confirmed.

The government published its white paper on the single tier pension on 14 January after more than a year of delays (PP Online 14 January). Instead of the triple lock placed on basic accrual, add...

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