Impact of removing triple pension lock on specific groups

In addition to providing an estimate of benefit rates and the impact on claimants’ incomes from the ‘double lock’ in the Social Security (Uprating of Benefits) Bill, the Impact Analysis also highlights the impact on specific groups -

.Reduced State Pension, Pension Credit and pensioner Housing Benefit amounts compared to the default would affect more women than men due to the greater numbers on both benefits.

At the individual level, men would see a larger decrease in State Pension income as they receive larger amounts on average; however, the material impact on women would be higher as a larger proportion of their income comes from State Pension/ Pension Credit.

Any drop in State Pension/ Pension Credit amounts will affect a larger proportion of the white ethnic groups as a larger proportion are above State Pension age and hence in receipt of Pension Credit and State Pension; however, State Pension and benefit income makes up a larger proportion of total income for pensioners in Asian/Asian British and Black/African/Caribbean ethnic groups, and the material impact on these individuals may be higher.

https://depositedpapers.parliament.uk/depositedpaper/2283689/files