My post count is Majestic
vetran has reached the peak. Play again?
"If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."
I want to see the hand of history on his collar.
Super poster
CheeseSlice 's job has never been outsourced
From what I can gather it would only affect DB pensions that are also RPI linked. I think they would be rare to find outside of the public sector today because they're not easily sustainable without some sort of money printer.
Your private pension is likely to be a DC pension so not affected.
My post count is Majestic
vetran has reached the peak. Play again?
That be true Jezzy was the leader of a Labour party that was made unelectable for a decade, his actions made Michael Foot look like a winner. His meetings with Hamas & IRA while they were both still murdering the innocent are facts but suggesting he was asking them what to do is obviously a bit of a stretch.
"If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."
I want to see the hand of history on his collar.
Nervous Newbie
Smoggy has no reputation
Any DB scheme whose rules mention 'inflation' instead of specifically 'RPI' would already have adopted CPI to save money about 10 years ago following a rule change. If a scheme's rules specify RPI then this cannot be changed retrospectively for past pension already built up but the rules could be changed to use CPI going forward.
This appears to be a change as to how coupons (interest) on government index linked bonds are priced. This will affect anybody holding these assets including within a DC pension. The main link to pensions though is that index linked bonds are often held by DB pensions to help hedge inflation risk. So the benefits the policyholder gets won't change but the bonds will become less valuable so will increase pension scheme deficits.
Millions of pension savers could lose GBP73k if Rishi Sunak fiddles with inflation
Nice day light robbery, very nice
I design idiot proof software. Trouble is, they keep making better idiots.