Growing RPI/CPI gap could slash pensions by 18% after High Court ruling

clock

The difference between Retail Prices Index and Consumer Prices Index measures of inflation will double over the long term, the Office for Budget Responsibility predicts.

The independent forecasting body increased its prediction for the gap between the two indices to 1.4 percentage points - twice average difference over the previous 22 years. This is also 0.2 per...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Most trustees 'willing' to govern running-on schemes

Most trustees 'willing' to govern running-on schemes

XPS finds willingness of trustees and sponsors to work collaboratively

Holly Roach
clock 16 April 2024 • 2 min read
Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of 'dire' pensions landscape as FCA publishes market data

Industry warns of ‘bleak future’ as FCA unveils 2022/23 retirement income market data

Holly Roach
clock 16 April 2024 • 6 min read
Apax Funds to acquire Benefex owner Zellis Group from Bain Capital

Apax Funds to acquire Benefex owner Zellis Group from Bain Capital

Payroll and HR software solutions business bought Benefex in 2018

Jonathan Stapleton
clock 16 April 2024 • 1 min read
Trustpilot