State pension increase revealed next week after triple lock suspension

Concerns of a dramatic surge in state pension date back to August when the Office for National Statistics (ONS) published data on average earnings, igniting Boris Johnson's fears the benefit would be massively inflated by average wages. The suspension will mark the first time in a decade the state pension has not increased in line with the triple lock. It will, however, rise by the rate of the Consumer Prices Index or 2.5%. Head of retirement policy at AJ Bell Tom Selby said: "Since its introduction in 2011/12 the state pension triple-lock has dramatically boosted retirement incomes f...