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Webb: "Abolishing the triple lock outright would leave many existing pensioners on relatively modest incomes, with older pensioners facing much lower living standards."
Steve Webb has called for any new government to compromise on the triple lock, arguing a "middle way" would control costs and focus annual increases on those who need it most.
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...
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