Removal of minimum rise could push many into poverty Plans to ditch the triple lock on the basic state pension would represent a "double whammy" for the poorest pensioners, many of whom have already lost out under this month's new flat-rate pension, according to a leading pension expert. Pensioners who rely on the state pension for most of their income will be the biggest losers should the Tories drop the element of the triple lock that guarantees annual rises of at least 2.5%.
Poorest face 'double whammy' if Tories ditch triple lock on pensions
The Guardian - 30 Apr 2017 06:59
Removal of minimum rise could push many into poverty Plans to ditch the triple lock on the basic state pension would represent a "double whammy" for the poorest pensioners, many of whom have already lost out under this month's new flat-rate pension, according to a leading pension expert. Pensioners who rely on the state pension for most of their income will be the biggest losers should the Tories drop the element of the triple lock that guarantees annual rises of at least 2.5%.
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