RPI

In the first part of our run down of the top 20 news stories of 2014 we present numbers 11-20.

A settlement has been reached at Jaguar Land Rover after its workforce threatened industrial action as a proposed pay offer did not meet employees' expectations.

Consumer price inflation tumbled to 1.6% in July 2014, down from 1.9% in June 2014, the Office for National Statistics (ONS) reveals.

A new measure of inflation developed by the Office of National Statistics has had its official status downgraded a little over a year after it was first proposed.

If all the FTSE100 companies still using the RPI inflation measure in their pension schemes were to move to using RPIJ, the combined pension deficit could fall by up to £20bn, LCP says.

Yesterday's ruling that two schemes sponsored by Arcadia can switch to consumer prices index (CPI) linking will make it harder for other trustees to resist such a change, warns a lawyer.

A High Court judge has upheld the right of schemes to use the consumer prices index (CPI) as the inflation measure for increasing deferred pensions and pensions in payment.

Average IAS19 discount rates used by FTSE100 companies to calculate pensions deficits have risen for the first time in five years.

The UK's headline inflation rate dropped to 1.7% in February, its lowest level since late 2009.

Bank of England (BoE) governor Mark Carney has warned the 2% target for inflation has become a "dangerous distraction" for the UK's policymakers.