Download the AppIn brief
- The State Pension triple lock is set to be removed, according to Pensions UK’s response to the announcement.
- Pensions UK says the State Pension will stay ahead of prices.
- The organisation says automatic enrolment reform, including higher contributions and a more inclusive system, is now more urgent.
Key dates
- 29 September 2026Pensions UK published its response to the triple lock announcement.
Source
Who it affects
- People who receive the State Pension.
- People planning their retirement and relying on future State Pension income.
- People building a workplace pension through automatic enrolment.
What has been announced
Pensions UK says the State Pension triple lock will be removed. The source does not give a new rate or a date for the change to take effect.
The organisation says the State Pension will stay ahead of prices. It also says the way it is assessed against earnings will be important.
Why the link with earnings matters
Pensions UK says an independent body should assess overall pension adequacy regularly. Pension adequacy means whether pension income is enough to safeguard living standards.
This assessment is described as part of a wider package of reform. The source does not set out how such a body would work or what measures it would use.
What could change for workplace pensions
Pensions UK says removing the triple lock makes automatic enrolment reform more urgent. Automatic enrolment is the system that puts eligible workers into a workplace pension.
It is calling for support for higher contributions and a more inclusive system, so people have a better chance of building the retirements they expect. These are calls for reform, rather than confirmed changes in the source.
What you can do
- Keep track of announcements about how the State Pension will be assessed against prices and earnings.
- Note whether future pension reform affects the assumptions in your retirement plan.
- Check how your expected State Pension and workplace pension contributions are shown in your retirement projections.
How Isaac can help
Isaac can include State Pension timing and income in a retirement projection, alongside workplace pension income, so the effect of different assumptions can be viewed in one plan.