We await draft legislation on the move from RPI to CPI as the “appropriate” measure of inflation for pensions in payment and revaluation of deferred benefits. In the absence of overriding legislation, pension schemes will be affected on a “lottery basis” – depending on the precise wording of the existing pension scheme rules. Employers and trustees should take advice on the possible impact on pensioner and deferred members.
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Consumer prices index
- Squire Sanders
- François Barker, Catherine McKenna, Wendy Hunter, Steve Southern and Emma King
- United Kingdom
- September 14 2010
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