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There’s a huge amount of misunderstanding out there. My must-watch mini-briefing I hope keeps it as simple as possible, so you can see how it’d likely roughly really work. As for is it good or bad… that’s your decision, not mine. NB. Read this after you’ve watched and understood the video. For belt and braces, it’s worth noting, in some situations, a year of average earnings higher than inflation (or 2.5%) wouldn’t increase the State Pension by more than inflation (or 2.5%). E.g. If inflation was 4%, and average earnings growth 2% in each of the first two years then in year three inflation was 2.5% and average earnings 5%. The State Pension over the three years would rise 10.5% just due to the inflation link – higher than the 9% total growth in average earnings since the start. So in the third year the pension would just increase by the 2.5% inflation (not the 5% growth of average earnings) 00:00 Intro 00:24 The current triple lock 00:42 What's being proposed? 01:10 Explainer scenario 01:52 How would the new system work? 02:39 How much would the state pension actually go up? 03:29 Conclusion

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