Research and analysis
Uprating by CPI on occupational pension schemes (WP102)
Research on how private sector defined benefit pension schemes are affected by, and intend to respond to the use of CPI.
Ref: ISBN 978-1-84712-991-8 PDF, 1.33MB, 80 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email firstname.lastname@example.org. Please tell us what format you need. It will help us if you say what assistive technology you use.
Working Paper No. 102
By Lorna Adams, Rob Warren and Alistair Kuechel
On the 8 July 2010, the Government announced its intention to use the Consumer Prices Index (CPI) as the basis for determining the statutory minimum percentage increase for revaluation and indexation of private sector occupational pensions. This research was commissioned by the Department for Work and Pensions (DWP) to explore how private sector defined benefit pension schemes are affected by, and intend to respond to that decision.
A survey was conducted among a sample of 200 private sector defined benefit pension schemes, drawn from The Pensions Regulator’s register of pension schemes. The research sought to obtain information about schemes’ existing rules in relation to indexation and revaluation and to explore whether schemes expected to make changes to their rules as a result of the announcement. It also explored whether schemes have assessed the likely impact for them of the move to CPI.