RPI
RPI changes will be 'punishment for the prudent'
People who have left risks unmanaged will be rewarded under the government’s proposals to reform the Retail Prices Index (RPI) while those in well-risk-managed schemes could lose out, says Barnett Waddingham.
RPI changes raise volatility concerns for schemes over pension stability
Trustees and scheme sponsors should avoid significant pension actions until proposed changes to RPI inflation methodology become clearer, Lane Clark & Peacock says.
Switching inflation indices: How aligning RPI with CPIH will affect schemes
The Treasury will soon consult on moving the calculations behind RPI to match another index. James Phillips looks at the proposal and its potential impact on pension schemes.
BT blocked from third attempt to swap pensions index
BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.
De La Rue scheme gains £80.5m after indexation swap
De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.
Spring Statement lacks pensions policies but reduces index-linked gilt issuance
Philip Hammond's Spring Statement was empty of any direct pension news as the Treasury sought to avoid major policy announcements.
Interserve scheme surges into surplus after indexation swap
The Interserve Pension Scheme has recognised a £70.6m reduction in liabilities after swapping the index used to uprate benefits.
Government must commit to one indexation measure, says Lords committee
The UK Statistics Authority's (UKSA) "refusal" to fix a long-standing error in the retail prices index (RPI) is "untenable" and demonstrates a need to commit to one measure of inflation.
BT loses second bid at indexation swap
BT has lost a Court of Appeal attempt to swap one section of its defined benefit (DB) pension schemes from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).
Updated: Barnardo's denied indexation swap in unanimous Supreme Court judgment
The Barnardo's pension scheme has been denied permission to switch the inflationary index it uses for uprating pension benefits in a unanimous judgment from the Supreme Court.
Budget: Public sector schemes to move to CPIH 'when and where practicable'
The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.
Hammond open to RPI reform but up to 'ONS to initiate'
Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.
Chief statistician says RPI reform will happen but urges caution
The retail prices index (RPI) should be reformed within the next decade but the full ramifications must be properly considered, according to the UK's statistics chief.
Have schemes become unintentionally locked into RPI?
Research suggests the industry believes schemes have been unintentionally locked into using the higher inflation measure but many remain unsure about an override. Victoria Ticha takes a closer look
We need clarity on DB white paper proposals
Malcolm McLean says the green-tinged white paper raised almost as many questions as answers and we are still far from knowing the exact direction of government policy
Pre-1997 benefits should not have statutory inflation protection, say half of respondents
Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.
BT to challenge high court ruling over RPI to CPI indexation swap
BT will appeal last month's High Court ruling which barred it from swapping the inflation indexation used for one section of the BT Pension Scheme (BTPS).
Treasury committee calls on government to stop using RPI
The Treasury select committee has told the government it must stop using the Retail Prices Index (RPI) for "any indexation purpose where legally possible".
BT blocked from indexation swap
BT has been barred from swapping the indexation of the third section of the BT Pension Scheme (BTPS).
BT looks to High Court for indexation swap ruling
BT is seeking to switch indexation for the final section of its scheme in order to stem a ballooning deficit.
Is it time to consider a new index for uprating benefits?
While the government moots allowing schemes to swap indices when rules are rigid, James Phillips explores whether a new index could end the debate
Five stories you may have missed this week
This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.
Barnado's trustees to take indexation argument to Supreme Court
The trustees of the Barnado's pension scheme will head to the Supreme Court in a renewed bid to switch its indexation rules.
Forcing schemes to appoint a lawyer would be too costly
PP research reveals worries about higher costs arising from obligatory legal advice
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