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How important is the Triple Lock?

Most retired people do not rely solely on the basic state pension—but some do

By Norma Cohen  

©John Stillwell/PA Wire/PA Images

With a snap general election looming, the parties have made thinly veiled efforts to court a group whose propensity to turn out and vote was underscored by the result of the referendum last year: pensioners.

Labour, badly trailing in nearly every national opinion poll, has vowed to protect one policy—the so-called Triple Lock on pensions—that the Conservative-Liberal Democrat coalition introduced in 2010. In contrast, the Tories, confident in their double-digit lead, are silent on whether their pledge to hold the Triple Lock is written…

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