The Retail Prices Index is widely used to determine pension increases, but for many years statisticians have raised concerns around flaws in the way it is calculated. This webinar will explore the Government’s proposed changes to the RPI, and the wide-ranging impact this will have on pension schemes.
Broadcast date: Wednesday 25th March 2020
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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: