Transcription of Occupational pension increases
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Occupational pension increases
| | | @commonslibrary BRIEFING PAPER Number CBP-5656, 11 December 2020 Occupational pension increases By Djuna Thurley Contents: 1. Introduction 2. Limited price indexation (LPI) 3. 2011 - switch to the CPI 4. Whether there should be flexibility in scheme rules 5. Reform of RPI methodology 6. Revaluation of deferred pension rights 2 Occupational pension increases Contents Summary 3 1. Introduction 6 2. Limited price indexation (LPI) 7 Pensions Act 1995 7 Pensions Act 2004 reduction in the cap 8 2007 review 9 Calls for indexation of pre-1997 rights 10 3.
HC Deb, 8 July 2010, c14-16 WS).The change was controversial because the CPI inflation tends to be lower than RPI inflation. The impact of the legislative change on individual schemes would depend on what their rules said (DWP,
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