RPI

The Office for National Statistics has updated the basket of goods used to calculate CPI inflation - which sets increases to the state pension - to include iPads and teen fiction.

Balfour Beatty has slashed its pension deficit from £354m to £188m over the last year through a mixture of employer contributions, de-risking and changing actuarial assumptions.

Guarantees given in Civil Service Pensions member communications to link benefits to the Retail Prices Index were the result of bad drafting, the government admits.

MPs have rejected calls to reintroduce the Retail Prices Index for pensions uprating in a debate triggered by an online petition which attracted more than 100,000 signatories.

British Airways will tell pensioners this month if it intends to pay "discretionary" increases above CPI inflation after a statutory increase showed just a 40bps difference in prices.

Cookson has increased its UK pensions surplus as an ongoing enhanced transfer value exercise and inflation index switch boosted funding levels by more than £13m.

Pensioner groups fighting the government's RPI to CPI switch for benefit increases took their legal challenge to the Court of Appeal today.

John Atkin of M&G sets out more predictable inflation-matching alternatives to the ‘roller coast ride' of commodities.

The union-led appeals against the government's indexation switch will go ahead later this month and coincide with a protest against the changes outside the court.

The decision to switch indexation measures for pensions uprating could be debated in parliament again after an e-petition criticising the move attracted more than 100,000 signatures.