Govt suggests triple lock could be diluted to avoid 'artificial' increase

Reports in The Guardian

Tom Ellis
clock • 2 min read

Boris Johnson's spokesperson has admitted to concerns the triple lock could see the state pension "potentially artificially inflated" by earnings figures after the Office for National Statistics (ONS) published its most recent data, according to The Guardian.

The triple lock guarantees the basic state pension will rise in line with the highest of earnings, inflation or 2.5% and was a Conservative manifesto promise at the most recent general election. A spokesperson for Boris Johnson said: "I think we recognise the legitimate concerns about potentially artificially inflated earnings impacting the uprating of pensions. Any decision on future changes to the triple lock will be taken at the appropriate time based on the latest data, and of course we will continue to support older people, while ensuring future decisions are fair with pensioners an...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

HMRC updates on information sharing for IHT on pensions

HMRC updates on information sharing for IHT on pensions

Second technical note

Alex Levy
clock 01 September 2026 • 2 min read
Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read