Chancellor to axe RPI - but not until 2030

Chancellor Rishi Sunak is to scrap the RPI measure of inflation used to calculate millions of pension holders’ annual pension increases despite strong opposition.

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Pension industry voices concern about RPI axe threat

The Pensions and Lifetime Savings Association - the trade body that represents 1,300 pension schemes with 20m members - has joined the chorus of concern about the Government’s potential axing of the Retail Prices Index (RPI), the measure used to decide many annual pension increases.

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Editor’s Column: RPI changes could hit pensions forever

 

Eagle-eyed Budget and Treasury watchers are well aware that what appear to be small or insignificant changes made by Chancellors or ministers can often have huge ramifications in subsequent years.

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Chancellor extends RPI consultation to August

Chancellor Rishi Sunak has extended the consultation on scrapping the RPI inflation measure by four months to August.

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