4. April 2022
Cases relating to pension scheme revaluation and increase rules continue to arise.
This is largely due to the government's decade-old decision to switch from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI) for statutory minimum increases, and the haphazard impact of that change on schemes, depending on their particular rules.
Now in the latest chapter there is a challenge to the government's proposals to change the way RPI is calculated - perhaps addressing, this time round, the need to ensure that the possibly hugely detrimental impact of this on certain defined benefit (DB) schemes is fully considered before any change is made.
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