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Changes to indexation and revaluation
The law requires pensions in payment to be increased and pensions in deferment to be revalued annually to reflect inflationary changes so that the real value of pension benefits can be maintained.
In July 2010, the government announced proposals which would allow pensions to be increased and revalued in line with the Consumer Price Index as opposed to the RPI. The precise effect that the move to CPI will have on schemes is likely to depend on how individual scheme rules provide for pension increases and revaluation.
25 January 2011
Author: Camilla Barry and Jane Marshall
Contacts
- Camilla Barry
- Partner
- +44 (0)20 7849 2238
- Contact
- Jane Marshall
- Partner
- +44 (0)20 7849 2059
- Contact