RPI

Cemlyn Foulkes looks at how much progress has been made since the publication of the Hutton Report and asks if individual steps have resulted in a reduction or increase in benefits.

Jaguar Land Rover has restored the link to the Retail Prices Index for 1,000 of its pensioner members after union negotiations.

The latest inflation figures will bring home the effect of the switch from RPI to CPI for scheme members as the gap between the two widens, warns an inflation expert.

Unions have appealed the High Court judgement which ruled the government's decision to uprate public sector pensions in line with CPI inflation was lawful.

The overwhelming majority of pension schemes are highly vulnerable to future inflation rises, according to a joint survey by Redington and Pension Corporation.

The groups that failed in a judicial review of the government's indexation switch intend to appeal the decision - a move which will lead to further uncertainty for schemes.

The difference between Retail Prices Index and Consumer Prices Index measures of inflation will double over the long term, the Office for Budget Responsibility predicts.

The government's decision to switch from RPI to CPI to calculate annual public sector pension upgrades has been ruled lawful in the High Court.

Stephen Jones of Kames Capital asks how schemes can surmount the historically large gap between inflation and interest rates

Steve Webb has quashed speculation the Treasury could stop up rating pensions with price inflation and replace it with a lower figure next year to save money.