All indexation articles
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OpinionThe Friday Takeaway: A gathering storm?
Amid future-focused reforms and new types of pension schemes, Pensions Expert editor Nick Reeve argues that we must not ignore the mistakes of the past if the industry’s efforts are to succeed.
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NewsBoost member-nominated trustees through Pension Schemes Bill, MPs told
Representatives of retired former Hewlett-Packard, BP, and American Express workers appeared before the Work and Pensions Committee this week to put the case forward for changes to the bill related to the indexation of DB pensions.
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NewsMPs to hear evidence from members, trustees, and TPR on pre-97 indexation
Campaigners, trustees, pension professionals and the Pensions Regulator will all give evidence to the Work and Pensions Committee in relation to discretionary increases and pre-97 indexation.
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In DepthIn Depth: The battle for pre-1997 indexation [updated]
Pensions Expert explores the debates around pre-97 indexation and how the Pension Protection Fund could use its reserves to support affected pensioners – if the government allows it.
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NewsWhat the government’s WPC response means for PPF compensation
The Pension Protection Fund has been urged to use its substantial surplus to provide indexation to pre-1997 benefits.
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NewsGovernment and TPR to scrutinise pre-97 benefits
In response to a recommendation by the Work and Pensions Committee, the DWP will engage with the regulator to understand why many DB schemes do not award discretionary increases to members with pre-1997 benefits.
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PodcastsPodcast: Pension tax changes needed to save NHS from ‘rock bottom’
Podcast: Staff shortages and ever-growing waiting lists have left the NHS at “rock bottom”, but the government “has its head in the sand”. Changes to the pensions taxation regime are essential to fix the problem, argues Vishal Sharma, pensions committee chair at the British Medical Association. He is joined by Mark Bondi, council member at the Society of Pension Professionals and senior technical consultant at Capita, to discuss the NHS, the High Court’s retail price index decision, and pension priorities for new prime minister Liz Truss.
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NewsBT, Ford and M&S schemes consider appealing against RPI judgment
On the go: The trustees of the BT, Ford and Marks and Spencer schemes are considering whether to appeal against the judgment handed down by the High Court, which struck down their judicial review against the government’s plans to axe the retail price index.
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News‘Millions to lose out’ as court rejects RPI reform appeal
Industry commentators have warned that millions of pensioners stand to “lose out” after the High Court rejected a judicial review, brought by some of the country’s largest defined benefit schemes, against the government’s plans to replace the retail price index with the consumer price index including housing.
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NewsAegon invests £3bn in ESG range, NPT shifts to sustainable strategy
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Aegon investing £3bn of its default funds in ESG, and the National Pension Trust shifting its default arrangement towards a green strategy.
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News‘Quirk’ sees public sector pay freeze hit teachers’ pensions annual hikes
A ‘quirk’ in the way teachers’ pensions are calculated could mean some teachers stand to suffer an extra loss as a result of the public sector pay freeze, as pension calculations normally triggered by a change in earnings have not occurred.
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NewsHigh Court hands De La Rue victory over £20m pensions bill
De La Rue, the banknotes manufacturer, has avoided adding £20m to its pension scheme’s liabilities after a judge ruled in its favour over how certain members’ deferred benefits should be revalued.
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PodcastsPodcast: Fiduciary trumps politics if divesting from ‘illegal Israeli settlements’
Podcast: Local Government Pension Schemes looking to divest from Israel should do so on grounds of sustainability and fiduciary responsibility, not because of politics and personal morality, says Richard Butcher, managing director of PTL. He is joined by Ian Neale, Aries Insight co-founder, to discuss divestment, defined benefit funding and ageing populations.
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News‘Transitory’ inflation soars to 10-year high, with more pain to come
Inflation soared to a 10-year high of 5.1 per cent in the year to November 2021, and those who once argued that the inflationary trend would be transitory are now warning that the worst is yet to come.
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FeaturesCould CDC solve the USS crisis?
Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability.
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NewsMitchells & Butlers trustees win ‘significant’ inflation court case
A decades-old rule change to the Mitchells & Butlers Pension Plan that shifted the authority in deciding pensions indexation should be rectified, a high court judge has ruled, in what has been described as “one of the most significant pension rectification cases in recent years”.
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News£450bn of inflation-linked liabilities remains unmatched
On the go: Some £450bn of inflation-linked liabilities belonging to defined benefit schemes remains unmatched due to a shortage of long-dated gilts, according to analysis by Alpha Real Capital.
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PodcastsPodcast: No way to avoid the indexation ‘rules lottery’ as inflation bites
Podcast: High inflation will spur more schemes to look to switch from the retail price index to the consumer price index, but there is still no way around the “rules lottery”. Eversheds Sutherland partner Stuart Earle and Aon partner Lynda Whitney discuss inflation, the botched attempt to raise the normal minimum pension age, and a new value for money framework.
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NewsInflation jump poses ‘a real challenge’ for pension schemes
The surge in inflation in August – the highest since records began in 1997 – could prove “a real challenge” for pension schemes, experts have warned, especially if it proves not to be a transitory phenomenon.
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NewsUSS pushes ahead with reform proposals despite strike threat
The Universities Superannuation Scheme trustee is to push ahead with a reform package agreed by USS employers, despite threats of strike action from the University and College Union.