Five things you need to know about the pension triple-lock

Some have said the pension up-rating mechanism should be replaced with a double-lock

Arlene Foster and Theresa May
Arlene Foster and Theresa May chat as the Tory-DUP agreement is signed at Downing Street 
(Image credit: Jack Hill/WPA Pool/Getty Images)

The state pension triple-lock looked doomed at one point back in May - but after the Conservative's election campaign chaos and the eventual hung parliament deal with the DUP, the up-rating mechanism has been saved.

It’s back in the headlines but what exactly is the triple-lock? Here’s five things you need to know.

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