Webb: No override powers for schemes to switch to CPI - UPDATE 2

clock

Steve Webb has said the government will not give private sector schemes the power to override scheme rules to shift from RPI to CPI indexation.

In a speech to the House of Commons today, Webb announced industry-wide consultation on the RPI to CPI switch but - contrary to industry expectations - said schemes whose rules specifically state R...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Legislation

Pension freedoms a 'success' but DC challenges ahead

Pension freedoms a 'success' but DC challenges ahead

Members should take time to consider how and when they will take retirement income

Jasmine Urquhart
clock 07 April 2025 • 2 min read
Legal Review: 'A leap forward for CDC'

Legal Review: 'A leap forward for CDC'

Thibault Jeakings and Keith Webster look at the route forward for CDC schemes ahead of 2025 regulations

Thibault Jeakings and Keith Webster
clock 17 December 2024 • 4 min read
Isio launches support service for NHS McCloud employees

Isio launches support service for NHS McCloud employees

Service will address NHS employer pensions tax rollback, with members able to easily claim refunds

Jasmine Urquhart
clock 07 November 2024 • 1 min read
Trustpilot