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UK may end pension "Triple Lock" and raise retirement age due to financial pressures, report warns.
The Intergenerational Foundation warns the UK may end the Triple Lock for state pensions, which ensures annual increases based on earnings, inflation, or 2.5%, due to financial strain.
Instead, modest means-testing might be introduced to better target support and address generational inequalities.
The state pension age will rise to 67 by 2028 and could be pushed forward to 68 sooner than planned, currently set for 2044-2046.
The report also highlights growing inequalities between younger and older Britons, with spending on pensioners increasing significantly more than for children over the past two decades.
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El Reino Unido podría poner fin al "Triple Lock" de las pensiones y elevar la edad de jubilación debido a las presiones financieras, advierte un informe.