Lord Richard Walker added to a growing number of economists who called for the state pension system to be replaced over its spiralling costs.

The think tank formerly run by pensions minister Torsten Bell has issued a renewed call for the triple lock to be scrapped

The cost of the state pension guarantee is ‘exorbitant’, researchers warn

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Richard Walker, the boss of supermarket Iceland, branded the policy 'mathematically unsustainable, politically untouchable and profoundly unfair'.

Lord Richard Walker added to a growing number of economists who called for the state pension system to be replaced over its spiralling costs.