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

Pensions UK and ABI launch 2026 Pension Attention campaign

Pensions UK and ABI launch 2026 Pension Attention campaign

The campaign uses guidance and a video to urge people to ‘grow your pension’

Holly Roach
clock 04 September 2026 • 1 min read
Good News Corner: Quantum announces winner of 2026 maths prize

Good News Corner: Quantum announces winner of 2026 maths prize

Ciara Moody won the accolade for her work exploring the concept of affine spaces

Jonathan Stapleton
clock 04 September 2026 • 2 min read
People Moves: Week ending Friday 4 September 2026

People Moves: Week ending Friday 4 September 2026

PP brings together all the appointments in the pensions industry over the past week

Professional Pensions
clock 04 September 2026 • 9 min read
Trustpilot