Theresa May weighing up cheaper `double lock` for pensions
(The Guardian Money News)

`Triple-lock´ policy that guarantees increase in basic state pension each year could be ditched for weaker `double lock´ and money used for social care insteadTheresa May is seriously considering replacing the `triple lock`, which guarantees a minimum increase in the state pension each year, with a less generous `double lock`, and spending some of the money saved on social care.The existing system guarantees that the basic state pension will increase each year by whichever is the largest of inflation, average earnings, or 2.5%, but it has become expensive to fund during a period when prices and wages growth have been low. Continue reading...