Pensions - Articles - Work and Pensions Committee call to scrap triple lock

 Those who are already in retirement have seen their income after housing costs almost catch up with those of working age largely because of generous final salary pension scheme they built up in the past but also helped by recent above inflation increases in the state pension as a result of the triple lock.

 However the Government must not set long term pension policy on the basis of those currently in retirement as those retiring in future are much less likely to match the incomes of current pensioners. The state pension remains the bedrock of many people's income in retirement and pensioners must be given some stability over its future level . We believe any government should commit to state pension increases for its 5 year period in power with intentions set out in pre-election manifestos.”