Triple lock 'a ticking time bomb' for Rishi Sunak

Triple lock could see state pension grow by 8% after latest earnings data

Tom Ellis
clock • 2 min read
Land Clark & Peacock partner and former pensions minister Sir Steve Webb
Image:

Land Clark & Peacock partner and former pensions minister Sir Steve Webb

The latest figures from the Office for National Statistics suggest the triple lock could increase by more than 8% in April 2022, adding a greater burden on the Treasury and chancellor Rishi Sunak.

The triple lock guarantees the basic state pension will rise in line with the highest of earnings, inflation or 2.5%. For next April's increase, the inflation figure will be measured by the Cons...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Business executives spending more time on pensions, IGG research shows

Business executives spending more time on pensions, IGG research shows

Business executives spending more time on pensions, IGG research shows

Martin Richmond
clock 06 August 2026 • 2 min read
PP Trustee Senate: Opening keynote speaker announced!

PP Trustee Senate: Opening keynote speaker announced!

BBC security correspondent Frank Gardner will explore geopolitical developments

Professional Pensions
clock 06 August 2026 • 1 min read
Aptia connects 200 schemes to pensions dashboard

Aptia connects 200 schemes to pensions dashboard

Pensions administrator says it will be connecting more schemes before deadline

Alex Levy
clock 05 August 2026 • 1 min read
Trustpilot