Scrap the triple-lock on pensions to tackle generational inequality, MPs say

MPs have called for the scrapping of the triple-lock safeguard on pensions, calling it “inherently unsustainable.”
A report by the Work and Pensions Committee states that the triple-lock pension policy, which guarantees pensions increase annually by either average wages, inflation, or 2.5 per cent – whichever is highest, is heavily skewed towards the baby boomer generation and increases intergenerational unfairness.
Read more: Scrap the triple-lock on pensions to tackle generational inequality, MPs say