# Pensioners to lose £1,600 under Labour’s plans to scrap triple lock, new analysis shows

- URL: https://talkfuse.com/story/pensioners-to-lose-1600-under-labours-plans-to-scrap-triple-lock-new-analysis-shows/
- Published: 2026-10-23T11:32:18+00:00
- Updated: 2026-10-23T12:27:11+00:00
- Original publisher: The Independent (publisher lean: Left)
- Original article: https://www.independent.co.uk/news/uk/politics/pension-triple-lock-changes-adjusted-burnham-plans-b3072128.html
- Topics: Cricket, Government, Politics, Sport

## Key points

- The state pension could be £1,600 lower a year by 2050.
- Labour plans to adjust the triple lock from 2030.
- Hymans Robertson says projected savings may be overstated.

## Summary

Labour plans to adjust the state pension’s triple lock from April 2030, a change that could leave future pensioners with less than under the current formula. Analysis by pensions adviser Hymans Robertson estimates the annual state pension could be £33,500 by 2050, rather than £35,100, a difference of £1,600.

The current triple lock raises pensions by whichever is highest: inflation, average earnings or 2.5 per cent. Labour’s proposed approach would remove average earnings as an automatic measure, while promising that pensions will retain their value relative to earnings over time and rise each year by at least inflation or 2.5 per cent. The government says savings will help fund social care, but Hymans Robertson says projected savings of around £50bn a year by 2049 could be halved if economic growth is low.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.