In welcome news for many defined benefit pension schemes, the 12-month Consumer Prices Index (CPI) slipped back to zero in August, according to the Office for National Statistics (ONS).
This is the seventh month the inflation measure, which is used by around half of schemes for uprating benefits each year, has been at or around zero. The Retail Prices Index - dropped by the ONS...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
