Advisers back call to scrap 'unaffordable' state pension triple lock

Altmann said the government should abandon its triple lock on state retirement benefits - currently due to be in place until at least 2020 - in favour of a more affordable "double lock" system. The triple lock means the state pension increases each year by the higher of inflation, the increase in average earnings or 2.5%.  Altmann, who stepped down from government during Theresa May's reshuffle, claimed the triple lock has been used as a smokescreen by the government. She said: "Such totemic symbols may be politically convenient, but are not a sound substitute for carefully conside...