MPs say State pension “triple lock” should be scrapped

The “triple-lock” on state pensions – which has protected the incomes of the older generation since 2010 – should be scrapped, a committee of MPs has said.

The triple-lock guarantees that pensions rise by the same as average earnings, the consumer price index, or 2.5%, whichever is the highest.

The Work and Pensions Committee said continuing with it was “unsustainable” and “unfair” on younger families. For the full BBC report, click here.