Tag: capped drawdown

Existing commitments re-examined in post-Brexit climate


During the referendum campaign, the Prime Minister, David Cameron, said the so-called ‘triple lock’ for state pensions would be threatened by a UK Brexit. In their 2015 election manifesto, the Conservatives promised to extend the triple lock on state pensions – a guarantee that they rise every year until 2020 by at least 2.5%, or the rate of inflation, or growth in earnings if it is higher.