A former minister has called on the government to pay people who reach state pension age for at least five years, even if they die.
Sir Steve Webb, who was pensions minister when the triple lock was introduced, said the state pension age should rise, but urged chancellor Rachel Reeves to implement a “minimum guaranteed payout” of five years, which would protect those who are expected to live for less long. Then, if someone died within those five years, their heirs would receive the payout instead.
