The headline pension announcement in today’s Autumn Statement – that the government is exploring a ‘lifetime provider model’ to allow workers to choose their pension scheme instead of their employer – is a gimmick.
The triple lock remains necessary and affordable, and has a vital role to play in making sure that today’s workers have the security of a decent state pension in future.
Trade unions have a straightforward vision of what the pensions system should deliver. We believe that all workers should have the opportunity to enjoy a retirement free from poverty in a lifestyle similar to the one they had in their working lives.