The year 2050 could see 700,000 more pensioners in poverty if the triple lock for the state pension is scrapped, a report sponsored by the TUC, the Centre for Ageing Better and Age UK has warned.
The research, carried out by the Pensions Policy Institute, has estimated getting rid of the triple lock could lead to nearly 3.5 million older people facing poverty in 2050, compared with an estimated...
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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