Government tiptoes around triple lock report

In November, the WPSC proposed scrapping the state pension triple lock and replacing it with an earnings link after it concluded the economy had become "skewed in favour of baby-boomers and against millennials". In response, the Government has announced its approach to intergenerational fairness "is to ensure economic security for working people at every stage of their life, including retirement" and noted the value of the full basic state pension, as a proportion of average earnings, is at its highest level since the late 1980s.   It added: "The Government supports people seeking to ...