UK's Department for Work and Pensions (DWP) is discussing the future of the Triple Lock pension policy.

UK's Department for Work and Pensions (DWP) has confirmed that the future of the Triple Lock remains under discussion. DWP's Pensions Minister Mel Stride has emphasized that the government's fiscal policy depends on the Office for Budget Responsibility (OBR) framework. The Triple Lock policy is currently set to increase state pensions annually in line with the highest of wage growth, inflation, or 2.5%.

April 07, 2024
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