Sumary of Women’s pensions crisis as triple-lock promise is broken:
- Money Mail today lays bare how the Government’s broken triple-lock promise will hit women hardest.
- Exclusive analysis of official figures shows that one in four women pensioners now has no other income than the state pension.
- Exclusive analysis of official figures shows that one in four women pensioners now has no other income than the state pensionIt comes as average wage figures published yesterday show that, had the triple-lock pledge not been suspended, state pensioners would have been in line for an 8.3 pc pay rise.
- The latest data shows that more than two million state pensioners receive less than £100 a week.
- Shambolic service at the DWP also means that thousands of new retirees are having to wait months for their state pension of up to £179.60 a week.
- This promised the state pension would rise every year in line with the highest of average wages, inflation or 2.5 per cent.
- But the Government suspended the pledge for a year last week to save £5 billion after the pandemic saw average earnings soar across 12 months.
- At the same time, analysis of government figures by investment service Hargreaves Lansdown shows the number of people reliant solely on state pension has grown over the past decade by a quarter.