CPI

CPI attack on pension income harms us all

Government plans to switch inflation-linked uplifts for final salary pension schemes from the retail prices index (RPI) to the consumer prices index (CPI) have had an instant and negative effect on the UK index-linked gilt market, Aegon Asset Management...

UK - Proposals to index private sector pension increases to the Consumer Price Index amount to a "stealth cut" on the average worker's retirement pot, unions have claimed.

IRELAND - Bank of Ireland (BoI) has proposed to contribute around €800m (US$1.06bn) to its defined benefit scheme and to implement a number of measures in a bid to tackle its €1.6bn pension deficit.

Following the budget at the end of 2009, the public sector has seen a series of changes, including the introduction of a career average scheme. Helen Morrissey reports