Retirement experts are calling for clarity on the future of the State Pension Triple Lock from all political parties.
Retirement experts at Aegon are calling on all UK political parties to use conference season to help end the ongoing uncertainty over the future of the State Pension Triple Lock. Under the Triple Lock, the State Pension increases each year in line with whichever of these three measures are the highest - average annual earnings growth from May to July , CPI inflation in the year to September or 2.5 per cent.
He urged all parties across the political spectrum to take onboard recommendations from Aegon’s recently published, ‘The Second 50 - navigating the multi-stage life’ report when making election manifesto commitments. Top Money Stories Today Mr Cameron said: “The simple fact is that people, on average, are living longer than ever before. So for most of us, our later life and retirement will be very different from that of our parents.
“Our report is designed to help people navigate this Second 50 uncharted territory, which will be shaped by work, health, wealth such as pensions and savings, family life and by what we personally want out of later life. But planning that future is made a whole lot easier if we know what money we’ll have, both from our private or workplace pensions and what we’ll be entitled to from the State Pension.
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