State pension set to increase by more than £500 a year'This government is committed to maintaining the triple Lock for the course of this Parliament. That's a commitment from the Labour government to the UK's pensioners'View Image People on the new full state pension are set for a rise of more that £500 a year from next AprilIndividuals receiving the new full state pension are poised for an annual increase exceeding £500 from April next year, following the most recent official earnings statistics. Specialists suggested this indicates the wage increase will determine the annual rise calculation, positioning pensioners for a 4.7% state pension boost next year. ‌Ms Morrissey warned that the pension increase due next April would "add further pressure on the Government who are battling an already burgeoning state pension bill". "With a review into state pension age also ongoing, other options could include an extension of the current timetable with dates for state pension age running into the late 60s and beyond."