Non-motoring > Millions face cut in value of workplace pensions Miscellaneous
Thread Author: henry k Replies: 9
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New Wed 25 Nov 20 17:39 
 Millions face cut in value of workplace pensions - henry k
www.bbc.co.uk/news/business-55070292

Over time, the value of their pensions could be thousands of pounds less than they might have expected.

In 2010, George Osborne as chancellor switched public sector pension annual uprating from RPI to the, mostly-lower, Consumer Prices Index (CPI) measure of inflation.

IIRC MP's pensions were left on RPI

Tom Selby, from investment firm AJ Bell, said: "From 2030 onwards the message is unequivocal: if you are negatively impacted by this, tough. The government is clear it will not provide any kind of compensation to those who lose out as a result of the downgrade in the value of RPI."
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 Messages Author Date
 Millions face cut in value of workplace.. new henry k 25 Nov 20 17:39
 Millions face cut in value of workplace p.. new Lygonos 25 Nov 20 17:56
 Millions face cut in value of workplace .. new R.P. 25 Nov 20 19:52
 Millions face cut in value of workplace.. new henry k 25 Nov 20 22:20
 Millions face cut in value of workplac.. new Falkirk Bairn 26 Nov 20 07:02
 Millions face cut in value of workpl.. new smokie 26 Nov 20 08:55
 Millions face cut in value of workpl.. new sooty123 26 Nov 20 09:23
 Millions face cut in value of workp.. new Falkirk Bairn 26 Nov 20 11:44
 Millions face cut in value of workpl.. new bathtub tom 26 Nov 20 09:34
 Millions face cut in value of workp.. new Terry 26 Nov 20 12:48
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