BT, Ford and M&S schemes granted extension for legal challenge over government s decision to align RPI with CPIH
The trustees have until 7 April to decide whether to file a claim against the government
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have been granted an extension to consider a legal challenge of the government’s actions following its decision to align the Retail Prices Index (RPI) with the housing cost-based Consumer Prices Index (CPIH).
Following a joint application from the major schemes, the court has granted an extension of time in which to consider a potential application for a judicial review of the decision to align RPI with CPIH.
| UPDATED: 16:56, Wed, Jan 20, 2021
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Pension savings, mortgages and a whole range of financial assets can be impacted by changing inflation rates and both the CPI and CPIH rose in December according to the ONS. The ONS revealed today CPI rose to 0.6 percent in December 2020, up from 0.3 percent in November and CPIH grew by 0.2 percent in the final month of 2020.
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