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State pensioners have been warned a "welcome" tradition could be axed - with lower payments from the Department for Work and Pensions ( DWP ). The Triple Lock is becoming increasingly unsustainable, it has been warned.
Spencer Churchill Claims Advice said that, even though the rise is welcome, it raises "serious questions about long-term affordability and the likely impact on workers". The state pension is claimed by over 13 million retirees.
A spokesperson for the claims firm said: "This increase of up to £550 a year will be very welcome for millions of pensioners who are finding it increasingly difficult to keep up with rising living costs.
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"However, the policy is becoming significantly more

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