The Government should ditch the pension triple lock and come up with a new method of setting increases to the state pension to make it affordable in the long-term, a think-tank has said.

Under the current triple lock policy, the state pension will increase by whatever is highest: inflation, earnings growth or 2.5 per cent each year, but there are concerns that this guarantee will have to be ditched because of the rising cost.

the i's Money and Business report Callum Mason explains why everyone should care about the triple lock state pension

Filmed by Robbie Hawken.

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