How will the triple lock change from 2030 and what do Andy Burnham’s plans mean for you?

Andy Burnham has announced the state pension triple lock in its current form will end.

The Prime Minister took the bold step to reveal plans to ditch the triple lock and replace it with a double lock at the Labour Party conference yesterday.

Here we explain how the state pension currently works, what is changing and why and how the changes will affect your finances.    

What is the state pension?

The state pension is a monthly payment from the Government that most people in the UK can claim once they reach a certain age. 

The age at which someone can receive the state pension is

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