{"id":53051,"date":"2017-04-27T04:00:47","date_gmt":"2017-04-26T21:00:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/theresa-may-considering-scrapping-triple-lock-on-pensions\/"},"modified":"2017-04-27T04:08:59","modified_gmt":"2017-04-26T21:08:59","slug":"theresa-may-considering-scrapping-triple-lock-on-pensions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theresa-may-considering-scrapping-triple-lock-on-pensions\/","title":{"rendered":"Theresa May considering scrapping 'triple lock' on pensions"},"content":{"rendered":"


\nPolicy that guarantees increase in basic state pension each year could be ditched for a weaker \u2018double lock\u2019 and money used for social care insteadTheresa May is seriously considering replacing the \u201ctriple lock\u201d, which guarantees a minimum increase in the state pension, with a less generous \u201cdouble lock\u201d and could free up some of the money saved to spend on social care.The existing system guarantees that the basic state pension will increase each year by whichever is the largest of inflation, average earnings, or 2.5%, but it has become expensive to fund during a period when prices and wages growth have been low. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Theresa May considering scrapping ‘triple lock’ on pensions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Policy that guarantees increase in basic state pension each year could be ditched for a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-53051","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dNF","jetpack-related-posts":[{"id":21490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-scrapping-of-triple-lock-pension-protection-before-2020-says-no-10\/","url_meta":{"origin":53051,"position":0},"title":"No scrapping of triple-lock pension protection before 2020, says No 10","date":"July 31, 2016","format":false,"excerpt":"\r Downing Street rejects former pensions minister Ros Altmann\u2019s suggestion that guaranteed yearly rise could disappearDowning Street has promised that Theresa May will stick to the Tory manifesto pledge of the triple lock, which guarantees rises in the state pension, after a former pensions minister said it would become unaffordable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-triple-lock-what-you-need-to-know\/","url_meta":{"origin":53051,"position":1},"title":"Pensions triple lock: what you need to know","date":"April 27, 2017","format":false,"excerpt":"\r Conservative plans to water down the guarantee on future pension payouts could affect millions. Here\u2019s the factsTheresa May is considering replacing the \u201ctriple lock\u201d, which guarantees a minimum increase in the state pension each year, with a less generous \u201cdouble lock\u201d commitment in the Conservative party\u2019s general election manifesto,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53313,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/poorest-face-double-whammy-if-tories-ditch-triple-lock-on-pensions\/","url_meta":{"origin":53051,"position":2},"title":"Poorest face \u2018double whammy\u2019 if Tories ditch triple lock on pensions","date":"April 30, 2017","format":false,"excerpt":"\r Removal of minimum rise could push many into povertyPlans to ditch the triple lock on the basic state pension would represent a \u201cdouble whammy\u201d for the poorest pensioners, many of whom have already lost out under this month\u2019s new flat-rate pension, according to a leading pension expert.Pensioners who rely\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inflation-hits-10-1pc-as-truss-considers-scrapping-pensions-triple-lock-live-updates\/","url_meta":{"origin":53051,"position":3},"title":"Inflation hits 10.1pc as Truss considers scrapping pensions triple lock – live updates","date":"October 19, 2022","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Inflation hits 10.1pc as Truss considers scrapping pensions triple lock - live updates","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/raising-pension-age-will-mean-many-people-die-before-getting-it-say-mps\/","url_meta":{"origin":53051,"position":4},"title":"Raising pension age will mean many people die before getting it, say MPs","date":"February 28, 2017","format":false,"excerpt":"\r Government should move away from \u2018triple lock\u2019 guarantee, says work and pensions select committeeFurther increases in the state pension age could push it to the point where many working people die before qualifying for it, MPs have warned, in a report that calls for the end of the \u201ctriple\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8848,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/scrap-triple-lock-that-protects-state-pensions-says-thinktank-chief\/","url_meta":{"origin":53051,"position":5},"title":"Scrap triple lock that protects state pensions, says thinktank chief","date":"October 21, 2015","format":false,"excerpt":"\r Paul Johnson, head of the IFS, says today\u2019s pensioners have fared extraordinarily well relative to their predecessorsPensioners have benefited from an \u201camazing\u201d period of rising living standards relative to the rest of society, and the government should scrap its triple lock that protects the value of the state pension,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53051"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=53051"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/53051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=53051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=53051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=53051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}