Uprate benefits in line with inflation, urges WPC

The WPC has urged the government to uprate benefits in 2023 in line with the 2022 CPI rate

Holly Roach
clock • 1 min read
Photo: Parliament UK
Image:

Photo: Parliament UK

The Work and Pensions Committee (WPC) has urged the government to uprate benefits in April 2023 in line with the September 2022 Consumer Prices Index (CPI) rate.

In a letter to chancellor Kwasi Kwarteng, WPC chair Stephen Timms urged Kwarteng to honour his predecessor Rishi Sunak's commitment to uprate benefits "in the usual manner, in line with inflation"....

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 Industry

No consensus on whether trustee boards should have at least one accredited member

No consensus on whether trustee boards should have at least one accredited member

PP poll finds 50% of industry say trustee boards should have one accredited member

Martin Richmond
clock 16 May 2025 • 2 min read
One third of DC savers have less than £10,000, FCA says

One third of DC savers have less than £10,000, FCA says

Financial Lives survey finds only a minority had received financial advice

Jasmine Urquhart
clock 16 May 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Mansion House Accord, Pension Schemes Bill expectations, and a £120m buy-in deal

Professional Pensions
clock 15 May 2025 • 1 min read
Trustpilot