Webb to announce RPI/CPI pension consultation tomorrow

The pensions minister told the National Association of Pension Funds (NAPF) trustee conference the consultation will look at allowing schemes to change their rules if RPI is hard wired into them. He confirmed the DWP would also issue a revaluation order tomorrow. The consultation paper comes after the government announced it would index private sector pension increases to the Consumer Price Index instead of the Retail Prices Index in July (PP Online, July 8). It followed the decision to link public sector pension increases to the CPI, announced in the Budget in June (PP Online, Jun...