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Jon Greer, head of retirement policy at Old Mutual Wealth, said: “The Conservatives have taken a bold step in committing to replace the triple lock. The main issue with the triple lock is that it guarantees the state pension will rise by 2.5% no matter what.
“The double lock removes this ratchet effect, however, the state pension will still rise faster than both earnings and prices in the long run, because of inflation, according to projections from the Office for Budget Responsibility.”
Funk to depart Schroders Investment Solutions after three years
Wigmore Associates Wealth Management acquisition brings Titan Wealth’s AUM to £17.4bn
Green shoots have started to emerge amid the IA China/Greater China sector
Service has experienced rapid growth over recent years compared to its fund of funds and multi-asset fund peers
US equities experience £1.5bn in inflows for first three months of 2024
Nine of the 10 best performing funds specialised in gold or commodities
