RPI

Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.

The retail prices index (RPI) should be reformed within the next decade but the full ramifications must be properly considered, according to the UK's statistics chief.

Research suggests the industry believes schemes have been unintentionally locked into using the higher inflation measure but many remain unsure about an override. Victoria Ticha takes a closer look

Malcolm McLean says the green-tinged white paper raised almost as many questions as answers and we are still far from knowing the exact direction of government policy

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

BT will appeal last month's High Court ruling which barred it from swapping the inflation indexation used for one section of the BT Pension Scheme (BTPS).

The Treasury select committee has told the government it must stop using the Retail Prices Index (RPI) for "any indexation purpose where legally possible".

BT has been barred from swapping the indexation of the third section of the BT Pension Scheme (BTPS).

BT is seeking to switch indexation for the final section of its scheme in order to stem a ballooning deficit.

While the government moots allowing schemes to swap indices when rules are rigid, James Phillips explores whether a new index could end the debate