CSPA Campaigning
Pensions
The last two decades have seen sweeping changes in pension policy and provision which are having a negative impact on the standard of living of current and future pensioners. More needs to be done to make sure that those working now can plan for the prosperous and fulfilling retirement that they so rightly deserve.
The triple lock
The first step is to guarantee the long term future of the State Pension triple lock. The triple lock was introduced to make up for the many years in which the value of the state Pension was eroded, which had left many pensioners struggling to cope with the cost of living.
What is the triple lock?
The triple lock is a guarantee that the State Pension will be increased by the greater of the rate of inflation, increase in average earnings or 2.5%. The triple lock ensures that pensioners’ income is not eroded by the gradual increases in the cost of living, and thus must be protected in the long term.
The manifesto: What we're campaigning for
The UK Government to maintain the State Pension triple lock, and to commit to protecting the State Pension age by tying it to healthy life expectancy rates.
Our three main areas of focus are:
- The UK Government to maintain the State Pension triple lock, and to commit to protecting the State Pension age by tying it to healthy life expectancy rates.
- The Department for Work and Pensions must further uprate all pensions allowances - as well as uprating Pension Credit in line with the State Pension - to reflect current and future costs of living more equitably.
- Any future changes to the State Pension age must look at differences in life expectancy and healthy life expectancy between different groups in order to ensure those in poor health or living with disabilities are properly accommodated. There must be sufficient notice of any future changes to enable people to make alternative plans.
Later Life Ambitions
Later Life Ambitions brings together the collective voices of over a quarter of a million pensioners through the National Federation of Occupational Pensioners, the Civil Service Pensioners’ Alliance, and the National Association of Retired Police Officers Association.
We aim to encourage today’s decision makers to confront the challenges of tomorrow.
