Labour Party pension scheme switches to CPI

clock

The Labour Party has switched to using the Consumer Prices Index for uprating its own pension scheme despite repeatedly attacking the government for making the change possible.

The party's financial statement for 2010 revealed £4.2m had been cut from the Labour Superannuation Society's deficit by the decision to use CPI instead of the Retail Prices Index which is generall...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Railpen's Nick Ranson: Adequacy, UK investment and the potential of AI

Railpen's Nick Ranson: Adequacy, UK investment and the potential of AI

The CFO of the railway schemes’ provider talks about getting great outcomes for members

Jonathan Stapleton
clock 24 October 2025 • 5 min read
Clara eyes further innovation as pipeline hits £12bn

Clara eyes further innovation as pipeline hits £12bn

Superfund looking at small scheme proposition as well as value share offer

Jonathan Stapleton
clock 24 October 2025 • 3 min read
MHCLG launches consultation on series of LGPS reforms

MHCLG launches consultation on series of LGPS reforms

Mayors and councillors to access LGPS under proposals

Jonathan Stapleton
clock 16 October 2025 • 2 min read
Trustpilot