Ros Altmann

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The Office for National Statistics' decision to downgrade the status of the retail prices index and publish two additional inflation measures could lead to the index being dropped, warn consultants.

Ros Altmann is to step down from her post as director-general of Saga.

After consulting on options for changing Retail Prices Index, the Office for National Statistics has chosen 'none of the above' and proposed a new index to be published in parallel.

The FSA's revision of projection rates is a difficult but necessary change.

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Saga director general Ros Altmann has said the maths behind the retail prices index is not wrong and the Office for National Statistics' proposal to change it is solely about the government reducing costs.