CPI

A judge has ruled that QinetiQ has the right to switch to using the Consumer Prices Index to calculate future pension increases.

Tesco is consulting with staff on increasing the retirement age of its career average defined benefit (DB) scheme from 65 to 67.

The Office for National Statistics has updated the basket of goods used to calculate CPI inflation - which sets increases to the state pension - to include iPads and teen fiction.

Balfour Beatty has slashed its pension deficit from £354m to £188m over the last year through a mixture of employer contributions, de-risking and changing actuarial assumptions.

Guarantees given in Civil Service Pensions member communications to link benefits to the Retail Prices Index were the result of bad drafting, the government admits.

MPs have rejected calls to reintroduce the Retail Prices Index for pensions uprating in a debate triggered by an online petition which attracted more than 100,000 signatories.

British Airways will tell pensioners this month if it intends to pay "discretionary" increases above CPI inflation after a statutory increase showed just a 40bps difference in prices.

Cookson has increased its UK pensions surplus as an ongoing enhanced transfer value exercise and inflation index switch boosted funding levels by more than £13m.

The e-petition protesting the RPI to CPI switch has attracted more than 100,000 signatures and will be debated in the House of Commons on Thursday (1 March).

Rolls Royce Holdings has more than halved its post-retirement deficit to £397m and continued its concerted programme of de-risking.