CPI

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.

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.