Boris Johnson's spokesperson has admitted to concerns the triple lock could see the state pension "potentially artificially inflated" by earnings figures after the Office for National Statistics (ONS) published its most recent data, according to The Guardian.
The triple lock guarantees the basic state pension will rise in line with the highest of earnings, inflation or 2.5% and was a Conservative manifesto promise at the most recent general election. A spokesperson for Boris Johnson said: "I think we recognise the legitimate concerns about potentially artificially inflated earnings impacting the uprating of pensions. Any decision on future changes to the triple lock will be taken at the appropriate time based on the latest data, and of course we will continue to support older people, while ensuring future decisions are fair with pensioners an...
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