How Triple Lock pensions stance could be the key to General Election success | Personal Finance | Finance [Video]

Protection for the income of pensioners is vital to winning votes of the over 40s as they contemplate their finances in old age, according to new research seen by the Express.

A study has revealed that the Triple Lock on pensions, which guarantees protection against rising bills, is widely popular and any decision to do away with it would be disastrous at the ballot box.

The Triple Lock includes a promise that the state pension should rise in line with the highest figure looking at three measures – the CPI measure of inflation, a figure of 2.5 percent or wages growth.

In recent years, the spiraling rate of inflation has delivered some striking increases in the state pension and some 66 per cent of people said this had been one silver lining to the squeeze on household finances.

High inflation saw the state pensionrise by 10.1 percent in April 2023, which was followed by another big …