DB members 'could lose out' through inflation caps

Research finds most inflation-linked pension increases are capped at 5% for DB members

clock • 2 min read
DB members 'could lose out' through inflation caps

Pensioners in defined benefit (DB) schemes could lose as much as £1,200 a year in income due to caps on inflation-linked benefit uplifts, according to research by XPS Pensions Group.

Those in private sector DB schemes could miss out on as much as £25,000 over their lifetime through the combined effects of high inflation and limits on payment increases in retirement, the group r...

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

More on Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot