DWP confirms State Pension will increase next year as the triple lock is maintained - how much you'll get
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dailyrecord.co.ukState Pension is crucial for many elderly people as it provides steady payments which are guaranteed to go up by a minimum amount every year.
But, future increases to the State Pension may no longer be linked to the economy as the wages of the working population flatline, experts have said.
The comments were made as the UK Government moved to avoid a State Pension freeze on Wednesday, September 23 with a Bill to remove a legal barrier to an increase next year.
Currently, the State Pension can only be increased if there has been growth in average earnings in the relevant period of the preceding year.
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