CPI

UK - The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

Professional Pensions assembled a panel of three industry experts to talk about inflation risk, how it would affect schemes and what funds can do to address this.

UK - Benign markets and the shift from RPI to CPI reduced defined benefit deficits from £144bn ($234bn) to £64bn over the past year, Pension Capital Strategies research shows.

As many as 200 pensioners will gather at Parliament today to protest the government's plan to switch to the Consumer Prices Index for pensions increases.

Ford workers are threatening a national strike over plans to uprate future payments for Ford Pension Fund members by the Consumer Prices Index.

Occupational scheme member groups have attacked the switch to Consumer Prices Index inflation as a Treasury cost-saving exercise aimed at benefitting business over members.

The ‘small print lottery' over RPI/CPI usage in company pension schemes means some pensioners will see their income reduced by 20% over 20 years, KPMG says.

MPs have been urged to vote down government plans which would reduce the value of pensions year on year in a crucial House of Commons vote today.

Switching to consumer price index for pension inflation will improve defined benefit scheme funding levels by £83bn - but reduce the value of members' pensions, the government says.