Warning of hefty blow to pensioners

Updated
Coins and notes
Coins and notes

Changes to the way increases in public-sector pensions are calculated could wipe as much as 15% off their value, unions and analysts have warned.


The use of CPI inflation to measure price increases influencing pension upgrades instead of the often higher-rising RPI measure is expected to mean a pensioner drawing £10,000 a year will see nearly £47,000 shaved off their pension pot, according to some calculations.

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