How do Tory and Labour financial election pledges stack up?
By Louise Hill, 5 Jun 17
With only a few days to go until the results of the 2017 snap UK election are revealed, we looked at the Tory and Labour party manifestos to see how their pledges on business, tax and pensions stacked up.
The Conservatives have ensured the so-called ‘triple lock’ on pensions will stay in place until 2020, after which it the protections for pension rate increases will be relegated to a ‘double-lock’.
The current lock, first introduced by the coalition government in 2011, has guaranteed a 2.5% increase in pensions every year.
A crackdown on rogue pensions funds is also planned if the Tories win the election who have promised to give the pension regulator more powers to punish those who “wilfully left a pension scheme under-resourced”