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

FCA non-advised pension transfer plans branded 'anti-consumer'

FCA non-advised pension transfer plans branded 'anti-consumer'

AJ Bell blasts FCA’s plans as ‘worst kind of regulatory intervention’

Jenna Brown
clock 23 February 2026 • 3 min read
Advisers search for more than 100,000 pension transfers via Origo

Advisers search for more than 100,000 pension transfers via Origo

In first year

Isabel Baxter
clock 23 February 2026 • 1 min read
Pension consolidation deserves more respect than it gets

Pension consolidation deserves more respect than it gets

'For me, pension consolidation is a perfect illustration of why financial planning matters'

Andy Zanelli
clock 19 February 2026 • 5 min read