Triple lock 'the elephant in the room' impacting saver sentiment

Follows the chancellor’s 2p cut to NI which took effect on Saturday

Hope Coumbe
clock • 1 min read

The long-term sustainability of the triple lock is again in the spotlight as politicians continue to discuss changes to both tax and National Insurance (NI).

Aegon pensions director Steven Cameron today (8 January) said the future of the triple lock was "the elephant in the room" and that those on fixed incomes will continue to face an uncertain future. The comments come after chancellor Jeremy Hunt's 2p cut to NI came into effect over the weekend. The decision - announced last November in the Autumn Statement - will impact 27 million and has been labelled by Aegon as a challenge for financial planning. Research published by the life company today finds 52% of adults in the UK feel positively about their finances in 2024, though Camer...

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