“Disappointment for pensioners as wage growth hits 8.3%”

Sep 14, 2021 | Pensions

Judging by the number of times I’m asked about it, the government can be relieved that many pensioners don’t actually understand the ‘Triple Lock’. And, without undue stereotyping, many that do would not dream of voting anything other than Conservative. The vote-winning promise that state pensions would increase by the highest of the various measures of inflation was ‘locked in’. Now, of course, the highest measure, the average earnings index, is too high, as everyone is having to pay over-the-odds to get staff. So, probably no surprise, the promise has been broken, the lock pretty rapidly picked and the keys thrown away. To coin an analogy.

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“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.

“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.