BAE Systems challenged by pensioners over indexation switch

clock •

A pensioners' association is challenging BAE Systems' decision to switch their pension indexation from RPI to CPI.

The Royal Ordnance Pensioner's Association has written to BAE Systems chairman Dick Olver claiming that its members received letters on joining the scheme and on retirement which state pensions wil...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Jack Jones

View profile
More from Jack Jones

TPR's four priorities for 2016

FTSE 100 drops 3% to below 6,000 after China suspends trading for second time

More on Defined Benefit

DB scheme funding levels see gains at start of 2025
Defined Benefit

DB scheme funding levels see gains at start of 2025

Broadstone finds fully hedged scheme deficit fell to lowest level in three years in January

Martin Richmond
Martin Richmond
clock 06 February 2025 • 1 min read
DB pension redress liabilities dip below 5% of transfer values
Defined Benefit

DB pension redress liabilities dip below 5% of transfer values

First Actuarial found ‘considerable drop’ in financial risk associated with DB redress

Holly Roach
Holly Roach
clock 05 February 2025 • 2 min read
Government plans to extract DB surplus 'go much further than most realised', says LCP
Defined Benefit

Government plans to extract DB surplus 'go much further than most realised', says LCP

Consultancy analysis finds government plans to extract DB surplus could be worth £160bn

Martin Richmond
Martin Richmond
clock 03 February 2025 • 2 min read
Trustpilot