Allowing the British Steel scheme to ditch RPI for statutory minimum levels could lead to big losses for older members and create a loophole for other DB schemes, writes Stephanie Baxter.
At a glance Moving from RPI to statutory minimum indexation could cut liabilities by £4bn Retirees with pre-1997 service could see pensions completely or largely frozen Plans to allow ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
