Andrew from Vista Financial

Intended changes to Final Salary Pensions

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    The UK Government has announced intended changes to the way Final Salary scheme annual benefits for deferred members (ie people who have left the scheme) accrue/increase.

     

    This is where you can read the full statement:

     

    Statement on moving to CPI as the measure of price inflation

     

    Schemes will still have the ability to increase at higher levels than the minimum if they so wish. However I suspect that this will be a good way for schemes that are in deficits to patch some of those deficits up.

     

    Regards

     

    Andy

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    Guest Chelseadownunder

    Further to Andrews post. CPI currently averages 3.2% Year to date wheras RPI is 5%. A bit of a cheeky move that will save someone some money and reduce pensions for those who need it. But I guess they have to save money to pay for all that debt they are in. (Government & Companys)

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