Overview

• Around 450,000 British pensioners living in countries without reciprocal agreements do not receive the annual triple lock increase.
• Analysis by Interactive Investor shows expat retirees have lost over £25,000 since 2010 and could forfeit about £70,000 over the next 20 years.
• The Department for Work and Pensions estimates unfreezing pensions would cost £4.59 billion between 2023 and 2028, while campaigners say the five-year cost is only £307 million.
• Retirees such as John Stenton in Thailand report that inflation has eroded their £159.63-per-week UK pension, leaving them with only basic living funds.
• Advocates highlight that most affected pensioners were unaware of the policy despite paying National Insurance contributions and call for immediate reform.