CPI

The biggest stories on the site this week include a suspected £14m fraud, deflation, and a dire threat about meddling with tax relief.

The latest inflation figures could cut deficits by £10bn

In welcome news for many defined benefit pension schemes, the 12-month Consumer Prices Index (CPI) slipped back to zero in August, according to the Office for National Statistics (ONS).

The Financial Conduct Authority (FCA) will find poor practice and mis-selling when it delves into the non-advised annuity sales market, according to PP readers.

Bond market slowly begins to catch up with demand

Pensions Insurance Corporation (PIC) has invested in £70m of Consumer Prices Index (CPI) linked secured debt issued by the Church of England Pensions Board (CEPB).

UK inflation rises 0.1% in July to beat forecasts

The Consumer Prices Index (CPI) 12-month rate edged up to 0.1% in July, the sixth successive month it has been at or around zero.

Caffyns has removed almost £9m of defined benefit (DB) pension liabilities from its scheme after switching its pension payments to the Consumer Prices Index (CPI).

PP explains how deflation could affect schemes, and what trustees can do