‘Triple lock’ – how what who why when?

‘Triple lock’. Triple-lock. Triple lock. “Triple lock?”. It’s a term that most are uncertain of the exact phrasing, so it’s not surprising that many aren’t totally sure what it is. For some, it’s got something to do with the basic State Pension, and for others it’s the best way to secure your bike to a railing. The ‘triple lock’ policy (which is how it will be written for our sanity and yours) has been a recurring point of discussion in the run up to the General Election. Opinions are split amongst the ...

General Election 2017: How will it affect your personal finances?

The answer to that question depends on two things; the outcome of the election and how you react to the inevitable instability it will cause. At this early stage, the most likely outcome seems to be a Conservative victory, with an increased majority. At least that’s what a certain Mrs May, of Number 10 Downing Street, has gambled on. Logically, if this is the case, Mrs May, and the Chancellor Philip Hammond, will be emboldened to drive through changes to domestic policy, whilst negotiating Brexit. Of course, even if it looks unlikely right ...

Pensions: Does the Autumn Statement have a sting in its’ tail?

Large black scorpion Heterometrus laoticus isolatedLast week’s Autumn Statement was, by the standards set by George Osborne, pretty mundane. However, hidden in the speech, and the raft of documents issued by the Treasury afterwards, were subtle indications of where Government pension policy may head over the next few years. The changes, if they happen, could have a significant impact on your retirement and potentially cost you dearly. Triple lock The triple lock was introduced in 2010 and guarantees that the basic State Pension will rise in line with earnings, inflation, as measured by the ...