All Consumer Prices Index (CPI) articles – Page 7
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Opinion
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.
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News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
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News
CPI and RPI gap at largest for five years as schemes eye law change
The retail price index and consumer price index were the farthest apart they have been for five years in last month’s inflation figures, prompting debate that legislation could level the playing field for schemes using RPI for benefit increases.
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News
Hedged Aviva schemes survive rate cut
Pension schemes sponsored by insurance giant Aviva have reported a marked increase in their accounting surplus owing principally to falling interest rates, but experts warn of further pain for schemes which are not hedged against interest rate risk.
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NewsNational Milk Records cuts £6.2m with CPI switch
The National Milk Records pension fund has cut £6.2m from its deficit following a switch from the retail price index to the consumer price index as a means of calculating inflation-related adjustments to the fund.
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News
British Steel’s proposed changes raise difficult questions
Discrepancies between the government’s recommendations for how BSPS should proceed and the scheme’s proposed alterations to its rules might make reaching a decision about its future on June 23 harder.
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OpinionHow to prepare for a switch in inflation hedging
The use of consumer price inflation as pension schemes’ marker for inflation has grown in recent times. Douglas Graham from asset manager Blackrock outlines what schemes should be doing.
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NewsWhat will British Steel’s rule changes mean for pensions?
Experts agree the changes being proposed to the British Steel Pension Scheme will impact salary-related pensions more broadly, but differ on whether the long-term effects will necessarily be negative.
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OpinionBuchanan: How to tackle zombie DB schemes
The troubles faced by BHS and Tata Steel have thrust pensions into the spotlight for the burden they can pose to employers, but can benefit cuts be justified? Duncan Buchanan gives his thoughts.
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NewsSwitching BSPS indexation to CPI could set legal precedent
A four-week public consultation on the British Steel Pension Scheme launched by the government this week could pave the way for an indexation switch aimed at significantly reducing Tata Steel’s pension liabilities, which could reverberate across the private sector.
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OpinionTata, BHS and the rest
Editorial: From Port Talbot to London, defined benefit pensions have become the worry of the nation – probably rightly so.
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OpinionWhat a move to CPIH could mean for UK pension schemes
Analysis: A letter from the Office for National Statistics recently cast ripples of doubt over the future shape of UK consumer inflation statistics; a move to consumer price inflation including housing, or even a household inflation index could have far-reaching effects on UK pension fund benefits and liabilities.
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News
LGPS to meet cost of GMP inflation proofing
A quirk in regulation could leave the Local Government Pension Scheme and several other public sector arrangements responsible for meeting the costs of inflation-proofing the benefits of members retiring between April 2016 and December 2018.
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OpinionWhat difference can switching to CPI make?
What difference does a percentage point in inflation make? The difference between a deficit and no deficit, argues Broadstone’s John Broome Saunders, who compares the RPI and CPI measures.
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News
Methodist Church seeks £25m saving by converting to CPI
The Methodist Church Council is consulting with all scheme members, including existing pensioners, on a proposal to link future pension increases to the consumer price index in an bid to temper the rising cost of defined benefit provision.
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Opinion
How DB and DC funds can outsmart prolonged low yields
With no sign of a rise in bond yields on the horizon, PIMCO’s Mike Amey explores fixed income options for DB and DC schemes.
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OpinionEditorial: Inside the control room
The confirmation last week that we’ve hit a patch of ‘noflation’ – expected to become deflation from this month – did not come as a surprise to many.
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Features
How would your scheme fare against longer-term deflation?
Analysis: Whether a short-term blip or a longer-term trend, the latest fall in the consumer price index will make schemes sit up and ask themselves whether they could withstand the impact of a move into deflation.
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News
BPI targets cost savings with CPI move for pension payments
British Polythene Industries has become the latest scheme to tackle growing liabilities by switching the pensions-in-payment calculation to the consumer price index from the retail price index.
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Opinion
What schemes can learn from this year’s top 5 legal stories
Legal rulings on issues including increased pension loss payouts, clarification on RPI guidance and the introduction of new accounting reporting frameworks have challenged schemes to respond and factor in these changes in the year ahead.