Pensioners to benefit as inflation reaches 3%

Trustees Agenda posted on 17 October, 2017

Pensioners are set to benefit from the highest inflation figure since 2012, following confirmation from the ONS that the CPI 12-month rate for September 2017 was 3%.

Under the "triple lock" guarantee, state pension payments from April 2018 will rise by a rate equal to September's CPI inflation rate, earnings growth or 2.5%, whichever is the highest.