PLSA weighs in on debate to scrap triple lock

‘Simpler, fairer, cheaper’ mechanism needed

Hannah Godfrey
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Graham Vidler: "It would be much fairer to set a specific target for the value of the state pension and the 30% of median earnings that it currently represents feels about right."
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Graham Vidler: "It would be much fairer to set a specific target for the value of the state pension and the 30% of median earnings that it currently represents feels about right."

The Pensions and Lifetime Savings Association (PLSA) has joined the debate on the future of the triple lock - numbering the scrapping of the measure as the top pension priority for parties in the upcoming general election.

The trade body instead suggested the state pension should be pegged to earnings growth, "with a floor to protect against any periods of instability". Although the triple lock has been "valuable" in...

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