State pension payments to rise by 13 percent in line with inflation as triple lock returns | Personal Finance | Finance

The finance expert also questioned whether raising state pension payments in this way is viable in these “unprecedented times”.

He added: “But the longer term question is whether in these unprecedented times, with inflation on a rollercoaster ride, does it make sense to base state pension increases on a year by year calculation.

“Using fixed dates, well ahead of the actual April increases, adds further to unpredictability and can lead to inequalities between those of working age whose earnings may be increasing at a very different rate from state pension increases, but whose National Insurance contributions pay for state pensions.

“Moving to a formula which averages these indicators out over say a three year period would still protect pensioners, but would average out the peaks and troughs, and arguably create a fairer and more predictable outcome for all concerned.”