Schemes should stop debating whether to use the Retail Prices Index (RPI) or the Consumer Prices Index (CPI) and move to an entirely new measure, the Royal Statistical Society (RSS) has said.
Both indices, as well as the fairly new CPI with housing (CPIH) index, fail in the society's tests on technical adequacy and public confidence, and therefore are not useful measures of inflation. It...
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Baillie Gifford and Montanaro are the first asset managers to sign up to a new transparency code to help the Local Government Pension Scheme (LGPS) get a better handle on investment costs.
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.