After consulting on options for changing Retail Prices Index, the Office for National Statistics has chosen 'none of the above' and proposed a new index to be published in parallel.
RPI will continue to be used for long-term indexation and index-linked bonds despite ONS concerns over its formulation.This means the decision should have little effect on scheme liabilities or assets....
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point