A legal term for someone receiving a state pension.
The triple lock has raised costs and sparked calls for reform. Governments and thinktanks say the system is expensive and unsustainable; opponents urge targeted support for pensioners, while some advocate linking uplifts to inflation only. The debate centers on funding, fairness, and youth opportunities as the policy’s future comes under review.
Prime Minister Andy Burnham has announced that the state pension will keep its annual rise until April 2030, but from 2030 will no longer automatically rise with yearly average earnings. The government says the change will free savings to help fund a National Care Service; analysts say initial savings will be small and political opposition is already forming.
The government has signalled a shift in how the state pension will rise from 2030, with reforms replacing the highest-of-three rule with a focus on inflation and 2.5%, funded by a National Care Service. Reactions vary as experts warn about long-term effects on savers and taxpayers.