RPI

Johnson Matthey has slashed its pension scheme deficit by more than 60% after accelerating its recovery plan to benefit from favourable tax conditions.

Schemes will find opportunities in actively managed inflation-linked bonds next year due to the differential between RPI and CPI-linked bond yields, an asset manager claims.

Northumbrian Water has slashed its pensions deficit after injecting an extra £70m into the scheme in March and April this year and switching to Consumer Prices Index linking.

Gut wrenching indexation decisions

The three BA trustees who quit their roles over the move to CPI indexation have pledged to fight their corner until the remaining board members relent.

Andrew Short gives a run down on what help is out there

Public sector unions have launched a legal challenge over the government's decision to adopt Consumer Prices Index inflation to uprate pensions - the second bid in as many months.

Switching pension uprating to Consumer Prices Index is the biggest "raid" on pensions since the change to scheme corporation tax arrangements in 1997, a trade union says.

Dear Editor, Further to your article on the resignation of three BA scheme trustees - APS trustees quit blaming ‘on the hoof' DWP policy, (PP, 21 April) - I wanted to set out the dilemma I faced as trustee.

The Association of British Airways Pensioners has called a meeting for members of the New Airways Pension Scheme over the RPI to CPI switch.