Triple lock overhaul ‘could help make state pensions more sustainable’

In his Labour conference speech, Prime Minister Andy Burnham said that the state pension ‘will hold its value relative to earnings over time so that pensioners will always share in the rising prosperity of the nation’ (Stefan Rousseau/PA) - (PA Wire)

The triple lock “hot potato” has finally been grasped, although the policy has helped to improve pensioner living standards and is particularly relied upon by people on low incomes, experts have said.

Prime Minister Andy Burnham said that from April 2030, Labour plans to adjust the triple lock, which is used to increase state pensions each April.