09 July 2010
According to various news reports, the government is set change
the rules for pensions in payment from private sector pension
schemes, from the Retail Price Index (RPI) to the Consumer Price
Index (CPI) which could potentially cut £100bn from scheme
liabilities.
According to the report, Pensions Minister Steve Webb said this
change follows the decision to link the public sector pension
increases to the CPI which was announced in last months Budget.
In order to implement the policy, Mr Webb confirmed "small
changes" to legislation would need to be brought before parliament
"at the earliest opportunity".
