Analysis shows triple lock changes will affect pensioners differently

Summarised from 2 outlets · 3 reports · Updated 14 Oct, 16:20 · Archive

Analysis suggests people nearing retirement will be least affected by proposed triple lock changes to the state pension.

Analysis from investment platform AJ Bell suggests people approaching retirement will be among the least affected by Andy Burnham's proposed overhaul of the state pension triple lock. The research indicates that the impact of triple lock changes will vary across different age groups and earnings levels.

This is Money reports that middle earners will need to contribute more to pensions than the minimum required through auto-enrolment to achieve a comfortable retirement. The implications of the proposed pension reforms therefore differ depending on when people are due to retire and their earning levels.

Analysis shows triple lock changes will affect pensioners differently — Image: Daily Mail

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How it is being reported

Middle earners contributing bare minimum to work pensions set to suffer financially after Burnham's state pension triple lock reforms, study showsA new report has revealed that middle earners will need to add more to pensions than just minimum contributions via auto-enrolment to have a decent retirement.Daily Mail · 14 Oct, 16:40
Here's how much middle-earners will be hit in retirement after Burnham's state pension triple lock reformsA new report has revealed that middle earners will need to add more to pensions than just minimum contributions via auto-enrolment to have a decent retirement.This is Money · 14 Oct, 16:06
How much triple lock change will impact current - and future - pensionersPeople approaching retirement are likely to be among the least affected by Andy Burnham's proposed overhaul of the state pension triple lock, according to new analysis from investment platform AJ Bell.Sky News Business · 14 Oct, 11:41

In this story: Andy Burnham · AJ Bell · This is Money

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