Chancellor Rachel Reeves delivered her first speech in the role early this week
Labour has unveiled its strategy for the Triple Lock and state pensions, as outlined by the Department for Work and Pensions . Following their election victory, Chancellor Rachel Reeves made her first speech in the role on Monday, July 8.
Here are the detailed plans Labour has for pensions, including the Triple Lock and other initiatives: State pension age There are also concerns about the state pension more broadly. The state pension age is currently 66, but will rise to 67 in 2028, and is scheduled to hike to 68 in 2046 – though the new government may choose to accelerate the timetable.
Pensions review The Lavbour manifesto explains: "Labour will also act to increase investment from pensionfunds in UK markets. We will adopt reforms to ensure that workplace pension schemes take advantage ofconsolidation and scale, to deliver better returns for UK savers and greater productive investment for UK PLC.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labour and Tories think triple lock can buy older votes, says pension campaigner'Received opinion that older people have won out at the expense of the young couldn't be further from the truth'
Read more »
Labour's plans for Universal Credit, PIP, State Pension and cost of livingThe Labour Party manifesto outlines general strategies for increasing employment
Read more »
Labour's DWP Universal Credit, PIP, State Pension and cost of living plansThe party's manifesto states that 'too many people are out of work or not earning enough'
Read more »
DWP State Pension boost worth £680 in Triple Lock handoutBoth Labour and the Conservatives made pledges in their manifestos aimed at state pensioners in the run up to the election
Read more »
How much the state pension could be by 2030 under the triple lockHow much the state pension increases by depends on inflation and other data, but here's how it could look in six years' time
Read more »
New State Pension ‘Triple Lock Plus’ will not boost pay for every personMany retirees living abroad can now vote for the first time due to the recent changes in the overseas voting rules.
Read more »