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RPI reform could cost pension savers £122bn, ABI warns

The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025.

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UK inflation rises to 2.5%

UK inflation rose to 2.5% in July, after holding steady at 2.4% in the previous three months.

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