Scotland's First Minister John Swinney has accused the UK government of scrapping the triple lock, arguing it could cut Scots' pension incomes by about £2,000 a year, a claim Labour pensions minister Torsten Bell disputes.

Swinney warned the change would harm pensioners, citing a potential £2,000 annual loss and drawing opposition accusations of misleading Parliament.

The debate centers on long-term effects of ending the triple lock, with projections showing sizable cumulative losses for Scottish pensioners compared with maintaining current policy.

Labour’s plan would keep pension rises at at least 2.5% or the CPI rate each year, while preserving the triple lock mechanism within the proposal.

Prime Minister's plan to end the triple lock from 2030 would divert savings to fund social care south of the border, while Labour proposals maintain a minimum rise of 2.5% or CPI.

The broader pensions row centers on ending the triple lock from 2030, with proponents promising at least 2.5% annual increases or CPI inflation.

Under the PM’s plan, ending the triple lock from 2030 would redirect savings to fund social care south of the border, forming a key feature of the policy debate.

Opposition parties at Holyrood, including Labour and Scottish Conservatives, criticized Swinney for allegedly misleading Parliament, while officials defended the reform as necessary.

The exchange featured cross-party criticisms and calls to concentrate on delivering services like care rather than engaging in scaremongering.