Hammond open to RPI reform but up to 'ONS to initiate'

Victoria Tichá
clock • 2 min read

Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.

Speaking to a House of Lords committee on 11 September, Hammond (pictured) said he would consider allowing an amendment to the oft-derided inflation measure, which the government dropped for payout...

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 Law and Regulation

What next for the £14bn Pension Protection Fund reserves?

What next for the £14bn Pension Protection Fund reserves?

SPP says lifeboat fund is now operating in a ‘significantly changed landscape’

Jonathan Stapleton
clock 13 May 2026 • 2 min read
King's Speech has limited impact on pensions

King's Speech has limited impact on pensions

Pensions UK says there may be pension implications from other aspects of the legislative programme

Jonathan Stapleton
clock 13 May 2026 • 1 min read
Schemes poised to act as Virgin Media remedy becomes law

Schemes poised to act as Virgin Media remedy becomes law

Sackers finds one third of schemes say they are ‘highly likely’ to make use of the remedy

Jonathan Stapleton
clock 12 May 2026 • 3 min read
Trustpilot