Sunak Warns of Tipping Point for UK State Pension Due to Triple Lock Costs, Proposes Alternatives to Ease Uncertainty

• Sunak warned the UK is at a “real tipping point” over future of state pension due to “enormous ongoing cost” of triple lock

• Report proposes replacing triple lock with “four-point pension guarantee” once state pension reaches target level

• Growing uncertainty among public over state pension age hikes

• Head of retirement analysis warns 44% of Brits unsure if state pension will exist when they retire

• Introduction of guarantee could help alleviate concerns and recognize impact of aging population on public purse