OECD brands triple lock 'most bizarre' pensions policy for a long time

OECD employment, labour and social affairs directorate deputy director Mark Pearson said the policy of ratcheting up the state pension above inflation of wage growth set the UK apart from other countries. Speaking at the launch of the organisation's Pensions at a Glance 2015 report, Pearson said the UK pension system still looked good on paper. However, he warned that the optimistic expectations for the sector could be undermined by economic difficulties, the failure of automatic enrolment or the triple lock. Pearson said: "The triple lock is the most bizarre policy that I think we...