All Retail Price Index (RPI) articles – Page 5
-
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
BT to appeal High Court ruling
On the go: BT will appeal last month’s High Court ruling against changing the measure by which increases for its Section C scheme are calculated, from the retail price index to the consumer price index.
-
NewsBT scheme to keep RPI amid bigger changes
The High Court has ruled in favour of the BT pension scheme trustees and denied BT the right to change the measure by which increases for its Section C scheme are calculated, but BT has said it is considering an appeal.
-
News
High Court rules against proposed BT scheme CPI switch
Telecoms giant BT wanted to switch the measure by which pensions increase from the retail price index to the consumer price index, but the High Court has ruled against this change.
-
Features
CPI, admin and Mums: Top 5 DB and derisking stories from 2017
Year in review: Funding and liability management took centre stage during 2017, as the debate over defined benefit pension scheme sustainability and member protection ramped up.
-
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.
-
NewsHPE pensioners to bring inflation-proofing dispute before MPs
Pensioners of Hewlett Packard Enterprise are lobbying the government to force their former employer to provide inflation protection for pension rights built up before 1997, and have gained cross-party support for legislation.
-
NewstPR greenlights British Steel RAA
The Pensions Regulator has granted initial approval for the restructuring of the British Steel Pension Scheme, which will see members offered revised benefits at a level above those provided by the Pension Protection Fund.
-
OpinionShould s67 be repealed?
Few, if any, would argue for scrapping the member protections in section 67 of the Pensions Act 1995 – which protects accrued pension rights – altogether. There is, however, a question around whether it prevents changes that could keep schemes open or sponsoring employers solvent.
-
NewsWilletts: Narrow green paper fails on intergenerational equality
Conservative peer Lord Willetts has spoken out against the scope of the Government’s green paper consultation on defined benefit pensions, criticising its lack of regard for intergenerational fairness.
-
NewsBA judgment shows value of diligent minute-taking
British Airways has lost a legal battle against the Airways Pension Scheme involving the trustees' decision to introduce a 0.2 per cent discretionary increase, as experts have stressed the importance of carefully documenting all decision-making processes.
-
OpinionWhat we can learn from recent legal cases
Trustee decision-making has never been under such close scrutiny, and will be even more so once the court publishes the judgment in the long-running case between British Airways and its pension scheme trustees.
-
OpinionRPI needn't be a rule
Editorial: The closure of the defined benefit green paper consultation falls on a Sunday, but it is yet to be revealed if the outcome will be a wedding or a funeral.
-
OpinionPLSA: Regulator should provide protections on index switching
The Pension and Lifetime Savings Association’s defined benefit policy team recently took to the road to hear what members thought of the proposals outlined in the government’s green paper on ‘Security and sustainability in defined benefit schemes’ and our recent report on superfunds.
-
Opinion
What the DB green paper might (not) change
Millions of savers across the UK rely on defined benefits to fund all or part of their retirement, but threats to member security, illustrated by a number of high profile cases over recent years, are rocking the boat.
-
Opinion
Blackford: Pension commission could restore consumer trust
In the second instalment of our 2017 election pensions spokespeople series, we hear from Ian Blackford, who is standing for re-election as the Scottish National Party representative for Skye, Ross and Lochaber.
-
NewsCourt of Appeal lessens burden on FDR in rule change dispute
A High Court judgment on the method for increasing pension payments where a power of amendment was improperly applied has been overturned by the Court of Appeal, lessening the burden on the corporate sponsor.
-
News
Pressure grows to provide pre-1997 inflation-proofing
Pensions minister Richard Harrington has demanded that the chief executives of companies including Hewlett Packard Enterprise and 3M explain their refusal to grant discretionary increases to members with benefits accrued before 1997.
-
OpinionWhat's in an index?
Editorial: The defined benefit green paper published this week has caused consternation in many parts of the pensions industry, which expected to see a more decisive take on the issues facing DB.
-
News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.