Home Business News Triple lock sways over 40’s voting intentions as general election approaches 

Triple lock sways over 40’s voting intentions as general election approaches 

17th Jun 24 2:26 pm

According to a new independently commissioned survey of 1,295 UK adults over 40 has found that more than 51% say that a political party’s commitment to maintaining the triple lock pension would significantly influence their voting intentions at the next general election.

Just 23% think that the Triple Lock is a burden on state finances whilst 57% feel that if the triple lock pension were scrapped it would be damaging to their financial plans for retirement.

Over half of respondents (51%) state that a commitment to maintaining the triple lock pension would significantly influence their voting intentions at the next general election, new research by the UK’s leading at-retirement adviser My Pension Expert has revealed.

The majority of over-40s are in favour of the policy, with just 23% believing that the Triple Lock is a burden on state finances. Meanwhile, 57% feel that if the triple lock pension were scrapped it would be damaging to their financial plans for retirement.

This comes as two-thirds (66%) feel that the increase in state pension in line with inflation due to the triple lock has been a silver lining to the cost-of-living crisis.

Lily Megson, Policy Director at My Pension Expert, said, “The verdict’s in. By in large, over-40s are in support of the government’s triple lock policy and the protection it affords their future finances.

“Indeed, over half indicate that it will sway their decision-making when the time comes to cast their ballot next month.”

“Both the Conservative and the Labour parties’ election manifestos have committed to upholding the triple lock, highly reflective of an electorate that’s laser-focused on pension stability.

“But what comes next will be even more critical; our next government must follow through with their policy promises to voters to help Britons achieve the retirement they so sorely deserve.”

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