UK. Triple lock row intensifies as major pension reforms take effect
Triple lock under threat as new pension law comes into force The Pensions Schemes Act 2026, now law, aims to simplify and strengthen pension provision through measures like automatic consolidation of small pots, creation of large-scale 'megafunds', a standardised value-for-money framework, and legal duties for retirement advice. Ministers argue these changes could add up to £29,000 to the average pension pot and benefit more than 20 million workers, with some provisions phased in over several years. However, former pensions minister...
