CPI

Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.

Members of the Airways Pension Scheme (APS) had an expectation to receive payment increases in line with the Retail Price Index (RPI), the trustee board's lawyer has argued.

Amending scheme rules to allow for discretionary increases provided an "elegant solution" to the indexation debate, according to the Airways Pension Scheme's (APS) leading counsel.

Trustees of the Airways Pension Scheme (APS) deliberately kept their decision to increase benefits by 0.2% above the Consumer Price Index (CPI), a lawyer for British Airways (BA) has claimed.

Trustees of the Airways Pension Scheme (APS) believed it would be a "lost opportunity" if the scheme ran a surplus, a lawyer for British Airways (BA) has argued.

British Airways' (BA) scheme trustees turned on their advisers and put pressure on them to change their advice, the High Court has heard.

Trustees of a British Airways (BA) pension scheme have been described as "inflexible" after being accused of deliberately ignoring advice about the future of the scheme.

Trustees of the British Airways pension schemes have been accused of trying to grant "gratuitous" and "unearned" benefits to scheme members in opening statements of a landmark trial.

Sterling rose 0.5% in morning trading, after it was revealed UK inflation climbed to 1% in September, a 22-month high, surpassing economists' expectations and forecasts from the Bank of England's August Inflation Report.

Over 9 in 10 small businesses support a call for the government to introduce a statutory override for scheme indexation, a survey has found.