Why the pension triple lock is back in the spotlight

Why the pension triple lock is back in the spotlight

The BBC reports “Financial pressure on the Treasury from the coronavirus outbreak has prompted more speculation over the level of future rises in the state pension.

At present, the state pension increases each year in line with the rising cost of living seen in the CPI measure of inflation, increasing average wages, or 2.5%, whichever of those three is highest.

This is known as the triple lock, and it is a Conservative manifesto pledge for the five years of this Parliament.

However, the technical aspects of state-paid wages during the coronavirus outbreak could lead to a big rise in the state pension if the government sticks to the current system.” Read the full article 


About Us

We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

Latest News

Get in Touch

Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.