Deferred members hit by 20% fall in accrued benefits due to CPI switch

clock

Accrued benefits for deferred occupational scheme members will have plummeted 20% by retirement if schemes use Consumer Price Index inflation to uprate benefits, research finds.

The study by the Pensions Policy Institute said a worker who leaves an occupational scheme at age 40 would see a 20% fall in benefits at age 65 if benefits were increased by CPI rather than Retail ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

National LGPS framework for integrated service providers and member data services goes live

National LGPS framework for integrated service providers and member data services goes live

Capita, Heywood, LexisNexis, Target and The Tracing Group among the firms appointed

Jonathan Stapleton
clock 01 May 2024 • 2 min read
PSIG launches consultation to determine its future

PSIG launches consultation to determine its future

PSIG calls on industry for ‘more help’ if it wants the organisation’s work to continue

Jonathan Stapleton
clock 01 May 2024 • 3 min read
Buzz: Is TPR's annual DB funding statement positive news for schemes?

Buzz: Is TPR's annual DB funding statement positive news for schemes?

DB funding statement, retirement adequacy and bulk annuity volumes

Professional Pensions
clock 01 May 2024 • 1 min read
Trustpilot