UK. OECD tells government to scrap pensions triple lock
The UK government should reform the state pension triple lock in order to afford measures to boost weak growth, the Organisation for Economic Co-operation and Development (OECD) has said.
The OECD is the intergovernmental economic organisation of 35 member countries, founded in 1960 to stimulate economic progress and world trade, also recommended the UK increase national insurance contributions for self-employed workers.
In its biennial survey of the UK economy released on Tuesday (17 October), the OECD said linking the state pension purely to wage inflation would “be fairer, while it would still allow pensioners to benefit from improvements in living standards”.
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