Some 51 per cent of those aged over 40 have said a party’s commitment to maintaining the triple lock would “significantly” influence their voting intentions at the general election.
A survey comprising 1,295 UK adults aged over 40 by My Pension Expert found that only 23 per cent think the triple lock is a burden on state finances.
It also revealed that 57 per cent felt if the triple lock were scrapped it would be damaging to their financial plans for retirement.
Two-thirds of respondents also said 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: “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.”
Additionally, the Conservatives announced they would take the triple lock one step further with their ‘triple lock plus’ policy.
As part of the plans the personal allowance for pensioners will increase by either 2.5 per cent, in line with average earnings or inflation - whichever is higher.
Some in the industry have voiced their concerns about the policy suggesting it would only help the wealthiest pensioners while also further complicating the tax system.
Others believe the proposal could help the most vulnerable, but it could be a challenging pledge to fulfil.
alina.khan@ft.com
