What Andy Burnham as prime minister could mean for pensions

Triple lock and more

Holly Roach
clock • 2 min read

Keir Starmer's resignation this morning (22 June) means a Labour leadership contest will commence, and with Andy Burnham winning the Makerfield by-election last week, he appears the current favourite to take the position of prime minister.

With the by-election win confirmed on Friday, questions have been raised about whether Burnham could take Starmer's job. A new leader means a government reshuffle will take place – meaning a new pensions minister could be on the horizon. Burnham has made a few statements recently with several pension themes emerging, including his stance on the triple lock. He has said he would stick to Labour's manifesto promise of maintaining the triple lock – the mechanism that ensures the state pension rises by the highest out of wage growth, inflation of 2.5% – suggesting removing it would underm...

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

Women in their 50s facing 'pensions crunch'

Women in their 50s facing 'pensions crunch'

Woman aged between 50 and 59 projected to retire on £12,600 a year

Martin Richmond
clock 11 November 2026 • 3 min read
Women's retirement income outlook improves but 'faster' change needed

Women's retirement income outlook improves but 'faster' change needed

Most women still on track for minimum retirement standard or worse

Alex Levy
clock 10 November 2026 • 3 min read
Why the pensions dashboard could raise more questions than it answers

Why the pensions dashboard could raise more questions than it answers

The 31 October connection deadline was a 'starting gun rather than the finish line'

Robert Holford
clock 09 November 2026 • 4 min read