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‘Triple lock’ on pension rises is tipped to stay in Tory manifesto

Theresa May is tipped to keep the ‘triple lock’ on pensions in the Tory manifesto despite toying with the idea of downgrading it.

Mrs May repeatedly ducked questions about the fate of the flagship policy yesterday during the last session of Prime Minister’s questions before the election.

The evasion fuelled speculation that the pledge – which means the state pension rise by the highest of inflation, average earnings or 2.5 per cent – could be watered down due to concerns about ballooning costs.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.