Select committee rhetoric sees indexation changes creep closer

From the blog: The international day of the older person might not have been as riotous as usual when it took place this Saturday, as private sector pension increases looked more under threat than ever.

Just the day before, Work and Pensions Committee chair Frank Field MP announced that he and his colleagues will consider the impact of allowing schemes to suspend inflation-linked pension increases, as part of the committee’s inquiry into defined benefit schemes.

Now Field and his team will investigate what needs to be done to “help create a climate of opinion so scheme trustees would naturally think about introducing flexibility on benefits”, Field told the Financial Times.

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