All indexation articles – Page 4
-
News
RPI changes could hit pensions funding by up to 10 per cent
On the go: Reforms to the calculation of the retail price index could have a massive impact on pension funding, LCP reveals in a new report.
-
NewsESG divestment set to take place on global scale
Climate change activism and trustee awareness of environmental, social and corporate governance has led schemes to divest from fossil fuels, figures released today show.
-
NewsBritvic reaches interim agreement on CPI/RPI linking
Soft drinks manufacturer Britvic has reached an interim agreement with the trustees of its defined benefit pension scheme over controversial plans to switch pension increases based on the retail prices index to the lower consumer prices index.
-
News
Government signals an end to flawed RPI
On the go: The end may be nigh for the flawed retail price index of inflation, after the chancellor announced plans to consult on whether to align it with a version of the consumer price index between 2025 and 2030.
-
NewsBritvic seeks court approval for RPI/CPI switch
Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.
-
News
Supreme Court denies BT right to appeal in £2bn indexation battle
On the go: The Supreme Court has denied BT the opportunity to appeal against the Court of Appeal’s ruling preventing the company from downgrading the inflation protection given to some of its defined benefit members.
-
News
Spring Statement: Government responds to RPI flaws
On the go: The government is still considering whether to take action on problems with the retail price index, it was announced after the Spring Statement yesterday.
-
News
L&G master trust default goes green due to member demand
On the go: The Legal & General Mastertrust is switching its default investment strategy to take account of environmental, social and governance risks, after a study revealed almost 60 per cent of its members favour the approach.
-
NewsBT section must stick to RPI, Court of Appeal says
BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.
-
News
Barnardo's scheme loses Supreme Court RPI appeal
On the go: Children's charity Barnardo's may not change the inflation protection it provides to members of its defined benefit scheme, the Supreme Court has ruled.
-
NewsSupreme Court: Barnardo's wording does not allow RPI/CPI switch
The Supreme Court’s rejection of an attempt by Barnardo’s to downgrade its pension increases is a reminder that courts are unlikely to bend rules to accommodate the commercial needs of defined benefit sponsors, according to legal experts.
-
News
PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.
-
News
PPF must not cut pensions by more than half, EU court rules
The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.
-
News
Dromey: Government can use HPE contracts for pensioner justice
The shadow pensions minister has called on ministers to leverage lucrative contracts it awards to Hewlett Packard Enterprise to persuade the company to protect pensioners who are seeing their benefits eroded by inflation.
-
OpinionWhat to consider before agreeing a switch to CPI
The appropriateness of the retail price index has been increasingly challenged in recent years, according to Hymans Robertson’s Alistair Russell-Smith, but around three quarters of the UK’s 6,000 defined benefit schemes still link their annual pension increases to RPI.
-
NewsThales case shines light on power of scheme rules
A High Court case involving Thales and trustees of its pension scheme has concluded it cannot move from the retail price index to the consumer price index for some benefits, highlighting how the wording in a scheme’s rules dictates the measure of inflation that is used.
-
News
TPR gets stronger, the government weaker: Top 5 law and regulation stories from 2017
Year in review: If the UK government’s all-consuming struggle to strike a beneficial Brexit deal can bring any relief to pensions professionals, it is that departments have not had time for the pensions tinkering so despised by the industry.
-
Features
De La Rue cuts pension increases to ease funding pressures
Trustees of the De La Rue defined benefit pension scheme have agreed to cut inflation-proofing on member benefits, wiping an estimated £70m off the security specialist’s accounting deficit.
-
OpinionShould s67 be repealed?
Ian Neale from policy specialists Aries Insight looks at the recent debate around indexation, revaluation and section 67.
-
News
DB white paper will be published in winter
The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.