Category: Triple lock
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The road to Pensions Goth – a Pensions Net-Work after dinner speech
Adequacy, Automatic enrolment, Behavioural economics, Benefits, Carers, Decumulation, Defined Benefit, Defined Contribution, Disability, DWP, Early access, Ethnicity, Financial inclusion, Gender, History, Housing, Income, Inflation, Labour market, Long term care, Mansion House, Pension freedoms, Pensions Commission, Pensions gap, Poverty, Private pensions, Retirement, Self employed, State Pension, State Pension age, Triple lock, WomenI never meant to end up in pensions. In fact, I spent the first 15 years or so of my life dreaming about overthrowing capitalism. My father was a Marxist and fed this passion, telling me I would grow up to be a leader of men, and I actually felt that being a revolutionary wasn’t…
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The State Pension increases annually in April. The size of the increase is decided using measures from the previous year under the triple lock, the highest of: For 2026 to 2027, the new State Pension will increase by 4.8%, in line with average earnings growth for May to July 2025. That increase applies from 6…
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This FT article on European state pensions describes rising costs, ageing populations and repeated political failure. But I think we need to dig a little deeper and reflect on the original purpose of the system before contemplating change. State pensions were created to prevent poverty in old age and they still provide that value today. For…
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The triple lock gets a lot of bad press. It’s been cast as the main villain in State Pension cost rises, by being a supposedly unsustainable ratchet, cranking up the pension bill year after year. But while the triple lock has become more expensive than expected, it’s not the only, or even the biggest, driver…