CPI

QinetiQ has closed its defined benefit (DB) scheme to future accrual, cutting its deficit by half to £20m.

A pensioner in the Airways Pension Scheme (APS) has won a default judgment against British Airways (BA) to cover losses after the scheme downgraded inflation protection.

The consumer (CPI) and retail prices index (RPI) measures of inflation have hit their lowest levels since September 2012, according to the Office for National Statistics (ONS).

Around 50 pensioners have filed cases with the small claims court against British Airways (BA) over changes to the Airways Pension Scheme's (APS) inflation protection.

A former member of the Bank of England's (BoE) Financial Policy Committee (FPC) has dismissed the current strategy of forward guidance, saying it is not what the market wants.

The consumer prices index (CPI) fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

John Lewis Partnership has seen an £87m increase in its defined benefit (DB) scheme deficit despite pumping in more than £50m, its interim results show.

The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.

Fixed income managers have cautioned the Bank of England (BoE) will be forced to backtrack on its forward guidance measures as it has been too pessimistic over the state of the UK economy.

UK CPI inflation rose from 2.7% to 2.9% in June, with the largest upward contributions coming from petrol, clothing and footwear.