The Government should scrap the triple lock on pensions, former prime minister Sir Tony Blair‘s think-tank has said.

A new report by the Tony Blair Institute (TBI) argues the state pension is ‘outdated, increasingly unaffordable, and too rigid for the way people live and work’.

It urges the Government to replace the triple lock with a new pensions system that would enable people to access funds earlier in life – to retrain, change careers or take on a caring role.

Read more: Scrap the ‘unaffordable’ pensions triple lock, urges former prime minister (and millionaire) Cult gofer Blair