Co-op gains £51.9m after switching pension scheme from RPI to CPI

Victoria Tichá
clock • 2 min read

The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).

In a statement on the London Stock Exchange on 14 March, the bank said it had successfully completed restructuring and recapitalisation processes started in September 2017, generating an additional...

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