CPI ruling 'takes away a bargaining chip' for trustees

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Yesterday's ruling that two schemes sponsored by Arcadia can switch to consumer prices index (CPI) linking will make it harder for other trustees to resist such a change, warns a lawyer.

In yesterday's case, a High Court judge found that the schemes' rules did not prevent switching away from the retail prices index (RPI), and that the power to make the change must be exercised join...

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