Protecting Today's Pensioners, and Tomorrow's
For Liberal Democrats, ensuring people have a decent, secure income when they retire is essential to making sure we can build a fairer society.
That's why our Pensions Minister, Steve Webb, has made sure that the Government gives today's pensioners a fair deal, while protecting tomorrow's pensioners too by making it easier to save for retirement. We have:
- Increased pensions by £800 a year since 2010, thanks to our new ‘triple lock’ rule which ensures state pensions always rise with inflation, earnings or 2.5% - whichever is highest.
- Planned to raise the state pension from £107 to around £144, protecting future pensioners with a fair, single tier pension.
- Guaranteed 9 million people an automatic workplace pension, which their boss and the government pay in to, giving everyone the confidence to save.