Yesterday's ruling that two schemes sponsored by Arcadia can switch to consumer prices index (CPI) linking will make it harder for other trustees to resist such a change, warns a lawyer.
In yesterday's case, a High Court judge found that the schemes' rules did not prevent switching away from the retail prices index (RPI), and that the power to make the change must be exercised join...
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, 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
