Chancellor Rishi Sunak has extended the consultation on scrapping the RPI inflation measure by four months to August.
Pension consultancy Barnett Waddingham has warned that the potential axing of the RPI inflation measure by the government could have ‘seismic’ implications for pension schemes.
Chancellor Sajid Javid has rejected a call to kill off in the near future the Retail Prices Index (RPI) measure of inflation – a figure used for the indexation of many pensions and financial products.
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