The Treasury today handed investors and pensioners a reprieve by declining to phase out a flawed way of measuring inflation until 2030, but they still face a more than £100billion hit from the shake-up in the long run. The retail prices index measure of inflation will be altered in February 2030, saving the Government £2billion … Read more
It may benefit commuters and students, but pension firms warn…Scrapping RPI will cost savers £122bn By Lucy White For The Daily Mail Published: 22:29 BST, 20 August 2020 | Updated: 22:29 BST, 20 August 2020 Worth the wait: Ditching RPI would be beneficial for commuters It might sound like a mere technicality but Government plans to … Read more
A switch away from a flawed measure of inflation as early as 2025 would leave BT needing to fill a £1.7billion hole in its pension fund, a senior executive has said. Morten Nilsson, the chief executive of the BT pension fund, Britain’s largest private sector scheme with close to 300,000 members, said switching billions of … Read more
Jack Legind, 25, could save more than £2,000 in student loan interest over five years if the Government swapped the ‘flawed’ retail prices index measure of inflation with CPIH Debt-saddled university graduates could save thousands of pounds in interest charged on student loans if the Government follows through with proposals to scrap a flawed measure … Read more