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RPI/CPI issue for UK pension schemes - The dust is settling (a little!)
RPI/CPI issue for UK pension schemes - The dust is settling (a little!)
The UK Government has recently announced a proposal to change the way that pension benefits are adjusted to reflect changes in the cost of living. The current statutory requirements for both revaluation of benefits in deferment and pension increases in payment are based on changes in the Retail Price Index (RPI). The Government has proposed that this be altered so that in future the Consumer Price Index (CPI) is used instead, although there is still a considerable degree of uncertainty around how this change will be implemented.
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Related Documents
RPI/CPI issue for UK pension schemes (172.55 KB, .pdf)