Pension Triple Lock
UK government ‘under pressure’ to rethink pension increase
As inflation surpasses 5% mark for the first time in a decade
Brits have ‘no confidence’ in government pension policy
As nearly half want more resources allocated to open up access to financial advice
Triple lock suspension gets go-ahead
After the House of Lords rejected government bid to halt system for a year
UK government suffers setback in triple lock suspension plan
But is ‘certain to use its comfortable majority in Commons’ to overturn House of Lords amendment
UK retirees to get ‘third biggest increase’ in state pension
But 3.1% uplift in the 2022-23 financial year ‘may fall short’ of cost of living rises