Switch to CPI indexation will cut benefits of 12 million DB members

Jonathan Stapleton
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The decision to index occupation pension increases to the CPI measure of inflation will cut the benefits of millions of workers, industry figures warn.

Hargreaves Lansdown said up to 12 million final salary members now faced the prospect of a smaller pension after yesterday's announcement (PP Online, July 8). Pensions analyst Laith Khalaf said:...

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