Consultation outcome

CPI as the measure of price increases on private sector occupational pension schemes

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Government response: using CPI as the measure of price increases on private sector occupational pension schemes

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Impact assessment: using CPI as the measure of price increases on private sector occupational pension schemes (revised July 2011)

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Original consultation

This consultation ran from to

Summary

This consultation sought views on the proposals to use the consumer prices index (CPI) as the measure of price increases on such pension schemes.

Documents

Consultation document: impact of using CPI as the measure of price increases on private sector occupational pension schemes

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Impact assessment: move to CPI for Occupational Pensions

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Consultation description

The consultation sought views on an amendment to the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006. The consultation was aimed primarily at pension industry professionals and others with an interest in occupational pension schemes.

Impact assessment

The impact assessment accompanying the consultation was re-published on the 11 February 2011 to correct an error in an earlier published draft and to accommodate methodological changes to some of the calculations.

We re-published the impact assessment again on 12 July 2011 to take account of:

  • research into private pension schemes rules published on 16 June 2011, and
  • the latest Office of Budget Responsibility estimates of RPI and CPI inflation rates.