Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what steps his Department is taking to ensure that people over 65 receive adequate financial support through the State Pension.

The State Pension is the foundation of state support for older people. The Government will maintain the current Triple Lock throughout this Parliament, increasing the basic and new State Pensions by the highest of earnings growth, CPI inflation or 2.5%. The full rate of the new State Pension is projected to increase by over £2,000 across this Parliament.

From April 2030, the adjusted Triple Lock will ensure that the State Pension continues to rise every year by at least the higher of CPI inflation or 2.5%, and by more where needed to maintain its protected value relative to average earnings.

Pension Credit provides targeted support for pensioners on the lowest incomes. The Pensions Commission has also been revived to consider what is required over the longer term to deliver stronger, fairer and more sustainable retirement outcomes, particularly for those at greatest risk of poverty or under-saving.