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

Sole trustees now nearly half of all DB professional trustee appointments

Sole trustees now nearly half of all DB professional trustee appointments

Hymans research finds 75% of sole trustee appointments in the last year were in schemes with less than 500 members

Martin Richmond
clock 17 July 2025 • 4 min read
Around half of FTSE 350 DB sponsors now recording a low dependency surplus

Around half of FTSE 350 DB sponsors now recording a low dependency surplus

WTW analysis finds aggregate assets exceeded liabilities by around £30bn

Jonathan Stapleton
clock 17 July 2025 • 3 min read
PIC holds topping out ceremony at One Eastside development

PIC holds topping out ceremony at One Eastside development

Construction on the project is expected to be completed in 2026

Martin Richmond
clock 15 July 2025 • 1 min read
Trustpilot