Jeremy Hunt has reiterated the Conservative Party's commitment to preserving the triple lock system for state pension increases.
Ensuring that pensioners are protected is a huge priority for me and under the continuation of this system, pension rises will continue to be tied to the highest of three indicators: average earnings growth, inflation, or a minimum of 2.5%.
This assurance provides retirees with a sense of financial security, ensuring that their incomes remain aligned with the cost of living or earnings growth. The absence of a firm commitment from Labour raises uncertainties over the future of pensioners under a Labour Government.
