Triple lock
Jon Greer, head of retirement policy at Quilter, believed the state pension triple lock would likely become an area of increasing importance to the next government.
He said: “At present no government has had the boldness to tackle what is an unsustainable policy for fear of losing votes.
"Despite Labour's manifesto pledges, we need policy that works for the long-term and a state pension uprating system that is pegged to average earnings would be a fairer option that should make the state pension sustainable for future generations.
“Rather than the triple lock being used as a political tool, its future policy should be better set by an independent pension commission to ensure the right balance of long term outcomes for UK retirees and the economy."
Greer added that the government must provide clear, actionable steps to ensure the reforms it had promised effectively enhanced retirement security.
alina.khan@ft.com
