How could pensions change under a Labour government?
18/06/24
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Labour's pension review: Labour plans to review the pension system if it wins the election, looking at consolidation, investment and state pension issues.
Pension scheme consolidation: Smaller schemes could merge into larger ones to reduce costs and improve service.
Pension scheme investment: Labour wants pension schemes to invest more in UK businesses to support the economy.
State pension age: State pension age may need to change as people live longer and work longer, but health inequalities must be considered.
State pension triple lock: The triple lock policy, which guarantees annual increases in the state pension, may need to be reviewed to ensure sustainability.
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