Unpicking the pensions triple lock: where it came from, and what might happen next

By Maria Evandrou, Professor of Gerontology, University of Southampton
Athina Vlachantoni, Professor of Gerontology and Social Policy, University of Southampton
Jane Falkingham, Dean of the Faculty of Social, Human and Mathematical Sciences, University of Southampton

Prime Minister Andy Burnham has made the politically risky decision to adjust the pensions triple lock from April 2030.

Speaking at this year’s Labour Party Conference, he said: “Some may not realise it but older people with nothing more than the state pension, or only a little more, can find themselves paying care charges today from that small income. Under my plan, this will no longer happen.”

But what is the triple lock, and why was the announcement…

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