State Pension increases will not go to hundreds of thousands of people
Millions of individuals over the State Pension age will witness a 4.1 per cent increase in their weekly payments next April, thanks to the Triple Lock - but some will miss out. The New and Basic State Pensions are adjusted annually under the Triple Lock, in line with the highest of three measures: average annual earnings growth from May to July (4.1%), the Consumer Price Index (CPI) inflation rate for the year to September (1.7%), or 2.5 per cent.


