RPI

The government has so far failed to meet its promise on entering office to reinvigorate occupational pension schemes, the Association of Consulting Actuaries says.

Threatened strike action at Ford has been called off after unions backed down following a row over future pension indexation.

Poor data quality is viewed as the top administration risk faced by trustees, with preparation for auto-enrolment also high on the list, according to a poll of delegates.

Switch from RPI to CPI will cost state pensioners £207m next year; More firms end final-salary plans; Lecturers strike over pensions

The move to CPI for pension indexation will reduce defined benefit liabilities by about £60bn by the end of the year, KPMG says.

The interaction of the CPI switch with existing annuity provision and scheme rules will cause considerable complexity for trustees in some cases, a lawyer warns.

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.

The switch from RPI to CPI for pension indexation moved one step further in the legislative process yesterday after it was approved in the House of Lords.

Professional Pensions assembled a panel of three industry experts to talk about inflation risk, how it would affect schemes and what funds can do to address this.

Using UK economic growth as a barometer for public sector pension payments is "absolute nonsense" which will continue to underestimate costs, John Ralfe says.