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The triple lock ‘presents a significant fiscal challenge that no party has been willing to fully address’, a pensions expert said. Labour pledges to retain triple lock and undertake pensions ...
Pensioners set for bumper pay rise – but cabinet minister says floor on payments ‘not sustainable’ in the long-term
Ms Kendall instead pledged the government would protect the pensions “triple lock”, drive down NHS waiting lists and deliver “the jobs, homes and opportunities your families need to build a ...
Frozen state pensions is the practice of the British Government of "freezing" UK State Pensions, (that is, not uprating the amount in line with "Triple Lock" on an annual basis, as is done for residents in the UK), for pensioners who live in the majority of other countries, apart from the European Community countries and other countries with reciprocal agreements with the UK.
Pension tax simplification, sometimes referred to as pension simplification was a British overhaul in 2006 of taxation rules for United Kingdom pension schemes.The aim was to reduce the complicated patchwork of legislation built-up by successive administrations which were seen as acting as a barrier to the public when considering retirement planning.
In September 2023, Stride commented on the state pension system in the United Kingdom. Stride said that the triple lock system was not sustainable in the long term. The comments came in response to reports that the government was considering scrapping the mechanism used to uprate the state pension having seen several years of large increases.
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The 1995 Pensions Act increased the state pension age for women from 60 to 65 in order to equalise the age with men, with the change to be phased in over ten years from 2010 for women born between 1950 and 1955. [3] This transition was later sped up by the 2011 Pensions Act. [4]