CPI
A post-war approach to inflation?
Supply will need to be rebuilt following the forced shutdown, potentially pushing up inflation and reasserting the need for adequate hedges, writes James Phillips
Lifetime allowance to rise to £1.078m in line with 0.5% inflation
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
Recovery plans fall by 2.2 years as schemes expect target within ten years
The average recovery plan length for schemes in deficit has fallen by 2.2 years compared to three years ago, according to an Aon study.
Univar ruling: High Court allows rectification of mistaken RPI hardwiring
The Univar Company Pension Scheme has been granted court permission to change its indexation protection from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).
PPF compensation cap deemed age discriminatory
The compensation caps applied by the Pension Protection Fund (PPF) have been deemed age discriminatory by the High Court in another slap down of the lifeboat regime.
Negative inflation from Covid-19 'could see the end of the triple lock'
A slump in inflation caused by economic damage from the coronavirus could pave the way for the abolition of the state pension ‘triple lock’, according to Lane Clark & Peacock (LCP).
FTSE 100 schemes in 'best position' for 20 years before onset of Covid-19
Almost three-quarters of FTSE 100 defined benefit (DB) pension schemes were in surplus on an accounting basis as the coronavirus crisis hit, according to Lane Clark & Peacock (LCP).
Could coronavirus infect the Consumer Prices Index?
Covid-19 has presented the ONS with significant problems calculating inflation during lockdown. Latest Institute for Fiscal Studies research examines the challenges faced.
Schemes could see 12% funding drop from RPI move
Potential changes to the Retail Prices Index (RPI) could land some schemes with a fall in their funding level as high as 12% according to Barnett Waddingham.
The real concerns about the transition to CPIH
The transition from RPI to CPIH could have a significant impact on pension funds. However, as Con Keating says, the real challenges of this shift may come from an unexpected area.
Inflation hedging strong despite RPI uncertainty
Levels of inflation hedging remain strong despite there being no clarity on the outcomes of potential retail price index (RPI) reform, BMO Global Asset Management says.
Ten pensions predictions for 2020
2019 was a busy year on many fronts, and pensions was no exception. Paul Kitson gives his top ten predictions for the pensions industry in 2020.
UK CPI inflation falls to lowest level in two years at 1.5%
The UK’s consumer prices index (CPI) has fallen to its lowest level since November 2016, according to the Office for National Statistics (ONS).
Lifetime allowance to rise to £1.073m as inflation falls to 1.7%
The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.
UK inflation rises to 2.1%
UK inflation unexpectedly rose above target in July to 2.1%, just 24 hours after wage growth hit an 11-year high of 3.9% and the employment rate reached a fresh record.
BT blocked from third attempt to swap pensions index
BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.
De La Rue scheme gains £80.5m after indexation swap
De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.
UK inflation hits 2.1% but monetary policy remains slave to Brexit
A rise in UK inflation back above the Bank of England's 2% target rate will not change the thinking of its Monetary Policy Committee with regards to interest rates, experts have said.
UK inflation remains below target at 1.9% in March
UK inflation unexpectedly remained below target for the third month in a row in March, as higher fuel prices were offset by the falling prices of food and computer games.
Inflation edges up to 1.9% on higher food prices
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).
Interserve scheme surges into surplus after indexation swap
The Interserve Pension Scheme has recognised a £70.6m reduction in liabilities after swapping the index used to uprate benefits.
Government must commit to one indexation measure, says Lords committee
The UK Statistics Authority's (UKSA) "refusal" to fix a long-standing error in the retail prices index (RPI) is "untenable" and demonstrates a need to commit to one measure of inflation.
Inflation nears two-year low as December CPI falls to 2.1%
UK inflation fell from 2.3% to 2.1% in December, approaching its lowest rate for two years, according to the Office for National Statistics (ONS).
