The postal ballot of 28,000 Airways Pension Scheme beneficiaries sparked by the scheme's member meeting in the summer has begun.
The DMO should issue CPI-linked gilts on shorter durations of ten to 20 years to match schemes' shorter-dated CPI-linked liabilities, two of the industry's biggest bodies say.
UK - Narrowing Consumer Prices Index and Retail Prices Index inflation will save schemes switching to CPI just 60p (94c) a week for each scheme member, according to figures.
Narrowing Consumer Prices Index and Retail Prices Index inflation will save schemes switching to CPI just 60p a week for each scheme member, according to figures.
A drafting "anomaly" in the Pensions Bill concerning the change from RPI to CPI indexation must be addressed before it gets royal assent, lawyers warn.
The Office for National Statistics is in discussion with stakeholders about creating new indices to calculate benefit payments, including pensions.
Any gains schemes might have made following the switch to the Consumer Prices Index have been wiped out by falling interest rates, JLT Benefit Solutions believes.
Neil Bolding of Mercer suggests issues to consider when evaluating a de-risking exercise.