CPI

UK - The government's decision to switch pension indexation to the Consumer Prices Index is "policy on the hoof", the Labour pensions spokeswoman says.

Falls in liabilities relating to the shift from RPI to CPI for scheme indexation will shrink dramatically after the Office for National Statistics said it would include housing costs in the measure, industry experts say.

BT will reduce its scheme liabilities by £2.9bn after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.

UK - The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

The next step for government should be to index both the annual allowance and the lifetime limit, to ensure they increase with inflation, industry experts say.

An emerging dual inflation market for liability matching will further drain liquidity from index-linked gilts and swaps, the National Association of Pension Funds says.

The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

UK - Insurers will be forced to increase buyout prices in the medium term unless CPI-linked instruments are issued in the coming months, Punter Southall says.

Pension increases will fall by almost one-third next year as a result of the switch from RPI to CPI indexation, Towers Watson analysis reveals.

Legislation allowing trustees to override RPI written in the trust deed and switch to CPI would not be in members' best interests, delegates heard.