How British Steel rule change could hurt oldest pensioners

clock • 4 min read

Allowing the British Steel scheme to ditch RPI for statutory minimum levels could lead to big losses for older members and create a loophole for other DB schemes, writes Stephanie Baxter.

At a glance Moving from RPI to statutory minimum indexation could cut liabilities by £4bn Retirees with pre-1997 service could see pensions completely or largely frozen Plans to allow ...

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