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Majority of over 40 voters favour maintaining triple lock pension

by Muna Abdi
June 17, 2024
Pension savings-2015
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Over half of voters over 40 say that a commitment to maintaining the triple lock pension would significantly influence their vote at the next general election, according to My Pension Expert. 

New research commissioned independently by My Pension Expert, surveyed 1,295 UK adults over 40 and found that the majority favour the Triple Lock policy.

Only 23 per cent see it as a drain on state money, while 57 per cent believe that eliminating the Triple Lock will jeopardise their retirement plans.

Furthermore, 66 per cent view the state pension’s inflation-linked hikes under the Triple Lock as a good in light of the current cost-of-living issues.

My Pension Expert policy director Lily Megson says: “The verdict’s in. By in large, over-40s are in support of the government’s triple lock policy and the protection it affords their future finances. Indeed, over half indicate that it will sway their decision-making when the time comes to cast their ballot next month.”

“Both the Conservative and the Labour parties’ election manifestos have committed to upholding the triple lock, highly reflective of an electorate that’s laser-focused on pension stability. But what comes next will be even more critical; our next government must follow through with their policy promises to voters to help Britons achieve the retirement they so sorely deserve.” 

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