UK state pension to rise by more than £400 a year, say reports

A decision on a pension increase will be made by Liz Kendall before October’s budget. Photograph: David Burton/Alamy

The full UK state pension is expected to rise by more than £400 a year as a result of April’s triple lock, according to reports.

The state pension will be increased by average earning figures, which are due to be released next week, according to the treasury’s internal working calculations, reportedly seen by the BBC.