Consumer Prices Index

UK inflation stuck at 2.4% in May, missing analysts' estimates of a move higher and further cooling expectations on an interest rate hike from the Bank of England this summer.

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

The Treasury select committee has told the government it must stop using the Retail Prices Index (RPI) for "any indexation purpose where legally possible".

BT has been barred from swapping the indexation of the third section of the BT Pension Scheme (BTPS).

BT is seeking to switch indexation for the final section of its scheme in order to stem a ballooning deficit.

Up from 2.6%

Unchanged from previous month

While the government moots allowing schemes to swap indices when rules are rigid, James Phillips explores whether a new index could end the debate

This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.

The trustees of the Barnado's pension scheme will head to the Supreme Court in a renewed bid to switch its indexation rules.