CPI

Pensioner groups fighting the government's RPI to CPI switch for benefit increases took their legal challenge to the Court of Appeal today.

Falling discount rates have pushed Diageo's pension deficit up by almost a quarter to more than £1bn.

The union-led appeals against the government's indexation switch will go ahead later this month and coincide with a protest against the changes outside the court.

IT firm RM has begun a consultation to close its defined benefit scheme to existing members in a bid to limit its exposure to the schemes growing liabilities.

The Universities Superannuation Scheme is nearly £3bn in deficit after its latest triennial valuation revealed the fund had plunged from a surplus of £707m since 2008.

The decision to switch indexation measures for pensions uprating could be debated in parliament again after an e-petition criticising the move attracted more than 100,000 signatures.

Cemlyn Foulkes looks at how much progress has been made since the publication of the Hutton Report and asks if individual steps have resulted in a reduction or increase in benefits.

Jaguar Land Rover has restored the link to the Retail Prices Index for 1,000 of its pensioner members after union negotiations.

The latest inflation figures will bring home the effect of the switch from RPI to CPI for scheme members as the gap between the two widens, warns an inflation expert.

Unions have appealed the High Court judgement which ruled the government's decision to uprate public sector pensions in line with CPI inflation was lawful.