Pension Insurance Corporation has begun offering scheme sponsors flexible insurance contracts that enable it to switch benefit payments from RPI to CPI.
PIC said, if requested, any RPI-based contracts it writes will contain certain clauses allowing flexibility to change the benefits after they have been insured so trustees can direct PIC to change ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date