Webb calls for triple lock compromise

Setting out a three-point pensions manifesto, Royal London proposed retaining the triple lock for all those on the old ‘basic state pension' - those who retired before April 6 2016 - but reverting to earnings indexation for those on the new state pension.  It said the change would save about £500m a year by 2021/22, rising to almost £3bn by 2027/28. The policy would also help older, poorer pensioners because newly-retired pensioners were, on average, £100 per week better off than retirees over the age of 75, it said. Theresa May has yet to set out the Conservatives' proposals for t...