A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to pension consultants Lane Clark and Peacock (LCP).
The firm modelled the likely level of inflation over the coming months based on three economic scenarios - whether the economy is ‘stuck in the doldrums', ‘steady as she goes' or enjoying a ‘bounce back'...
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
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