The state pension triple-lock should be scrapped, according to some MPs. The 'triple lock' guaranteeing the elderly an annual state pension increase of at least 2.5 per cent is under threat. The annual rises in the state pension are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent. But now MPs on the Work and Pensions Committee say it’s too expensive. For more information, Sue Dougan spoke to former pension minister and Director of Policy at Royal London, Steve Webb
