Uprate benefits in line with inflation, urges WPC

The WPC has urged the government to uprate benefits in 2023 in line with the 2022 CPI rate

Holly Roach
clock • 1 min read
Photo: Parliament UK
Image:

Photo: Parliament UK

The Work and Pensions Committee (WPC) has urged the government to uprate benefits in April 2023 in line with the September 2022 Consumer Prices Index (CPI) rate.

In a letter to chancellor Kwasi Kwarteng, WPC chair Stephen Timms urged Kwarteng to honour his predecessor Rishi Sunak's commitment to uprate benefits "in the usual manner, in line with inflation"....

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 Industry

Good News Corner: People's Partnership team braves the Tough Mudder challenge

Good News Corner: People's Partnership team braves the Tough Mudder challenge

Staff tackled a 5km obstacle course to raise money for St Catherine’s Hospice

Martin Richmond
clock 25 September 2026 • 3 min read
I tested the MoneyHelper Pensions Dashboard beta. Here's what I found

I tested the MoneyHelper Pensions Dashboard beta. Here's what I found

MHPD is in its second phase of consumer testing before the October connection deadline

Alex Levy
clock 25 September 2026 • 4 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPR focusses on UK growth, L&G job cuts, PRT results, and IFoA guided retirement warning

Professional Pensions
clock 25 September 2026 • 1 min read
Trustpilot