A finance expert has urged people to take control and responsibility of their retirement in the wake of incoming changes to the state pension, reminding savers: “The state pension is the floor, not the roof.”
Andy Burnham announced that the triple lock will be replaced from its current form by 2030 onwards, to bring down the ballooning cost of funding it. The changes are expected to save between £5bn and £20bn a year over the long term, with money put towards funding a new social care service.
