Martin Lewis has raised fresh concerns about the future of the State Pension, suggesting that while it is unlikely to be scrapped altogether, changes could be on the horizon. Speaking on his podcast, the Money Saving Expert founder admitted it is “possible” the pension could one day be means-tested if the triple lock system comes under serious threat.
The 52-year-old financial guru was asked by a caller if there was any chance the State Pension might be scrapped. He responded: “Yes, it is possible. Parliament is what is called omnicompetent – a technical term meaning parliament can legislate anything it chooses to do. Do I think it’s likely? No”, reported the Manchester Evening News.
