Money & Business
What is the pension triple lock, and how has it become an election issue?
...system. The additional pension and any protected payment are increased each year in line with price inflation to protect their buying power. But, since 2011, the basic state pension and the new state pension have been increased each year by whatever is highest out of price inflation, earnings inflation or 2.5% (the triple lock). A see-saw of policies The three strands of...