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Tony Blair Institute Calls for Lifespan Fund, Triple-Lock Review

5/1/2026

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Summary

Story summary

The Tony Blair Institute proposes a “Lifespan Fund” letting workers draw pension-type payments for illness, unemployment or caring duties.
Its report urges scrapping the triple lock, noting pension costs of £146 billion a year and a rise to 7.8 % of GDP.
The Department for Work and Pensions says the triple lock stays guaranteed for this Parliament while major parties except the Greens have pledged to keep it, making removal a risk.

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Story summary

The Tony Blair Institute proposes a “Lifespan Fund” letting workers draw pension-type payments for illness, unemployment or caring duties.
Its report urges scrapping the triple lock, noting pension costs of £146 billion a year and a rise to 7.8 % of GDP.
The Department for Work and Pensions says the triple lock stays guaranteed for this Parliament while major parties except the Greens have pledged to keep it, making removal a risk.