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

Aggregate DB scheme funding levels rise in April, PwC finds

Aggregate DB scheme funding levels rise in April, PwC finds

Consultancy’s Pension Funding Index shows aggregate surplus rose to £220bn last month

Martin Richmond
clock 27 May 2026 • 3 min read
Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

LCP says there has been a ‘complete change’ in how FTSE 100 companies approach DB schemes

Martin Richmond
clock 21 May 2026 • 2 min read
Majority of DB schemes have settled on their endgame strategy, Aon finds

Majority of DB schemes have settled on their endgame strategy, Aon finds

Firm’s survey shows 84% of schemes with less than £500m in AUM targeting an insurance transaction

Martin Richmond
clock 21 May 2026 • 3 min read
Trustpilot