Concern for pensions ahead of RPI consultation

The independent Office for National Statistics (ONS) has opened a consultation on changes that would make the RPI move more slowly, in step with the consumer prices index (CPI). It said it wants to establish if a change needs to be made. But pension experts have warned that any changes would cut pensioners' incomes. Darren Philp, of the National Association of Pension Funds (NAPF), said: "Pension funds are major investors in government debt and changes to index-linked bonds could have far-reaching impacts on those investments. "It could also alter the amount by which pensions be...