After successive Chancellors kicked the can down the road, Sajid Javid announced a consultation on aligning the Retail Prices Index with the Consumer Prices Index, to be launched alongside the March budget.
The proposed changes will have a wide-ranging impact – many members could see their pensions reduced by around 1% in each and every year, and some scheme assets could fall in value by more than 20%.
Our webinar explored what this is likely to mean for your scheme. Even if you have CPI-based pension increases, it’s likely that your investments will be impacted, and so action may still be required.
During our 45-minute webinar, the following speakers led us through these key issues to consider: