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
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
