Indexation changes give final salary pensions more flexibility | Pensions and Lifetime Savings Association

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Indexation changes give final salary pensions more flexibility

08 July 2010

Welcoming today’s announcement by the DWP on the indexation and revaluation of occupational pensions, Joanne Segars, NAPF Chief

Executive, said: “The Government moved state and public sector schemes from RPI to CPI in the Emergency Budget, and it has acted swiftly to apply this reform to the rest of the pensions landscape.

“By applying the same index measure to private sector pensions, trustees and fund managers now have more flexibility.

“This gives final salary pensions some breathing space, and it will make it a little easier for firms to keep schemes open.

“The detail needs to be right so that the change can be applied smoothly and simply."

Following the announcement by the DWP on the indexation and revaluation of occupational pensions, Joanne Segars, NAPF Chief Executive comments. Ms Segars beleives the decision will give final salary pensions some breathing space, and will make it a little easier for firms to keep schemes open.

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