TPR Issues Statement on Pension Increases

The Pensions Regulator (TPR) has published a statement to assist pension scheme trustees and employers in managing the Governments intention to move from the Retail Price Index (RPI) to the Consumer Price Index (CPI) as the measure of price inflation. The proposed changes may, depending on a pension scheme's rules, affect how many deferred pensions are revalued in future, and how pensions in payment are increased.

To view the Regulator's statement, click here.