The High Court has dismissed the judicial review of the decision by the UK Statistics Authority and Chancellor to align the Retail Prices Index (RPI) with the housing cost-based version of the Consumer Prices Index from 2030.
The High Court has dismissed the judicial review into a decision to replace the Retail Prices Index (RPI) brought by three of the UK’s biggest pension schemes. Professional Pensions takes a look at the three key arguments put forward and why they were rejected.
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The High Court has dismissed the judicial review of the decision by the UK Statistics Authority and Chancellor to align the Retail Prices Index (RPI) with the housing cost-based version of the Consumer Prices Index from 2030.
The trustees of the BT, Ford, and M&S pension schemes have begun a judicial review over the government’s decision to replace Retail Prices Index (RPI) with the housing cost-based version of the Consumer Prices Index, known as CPIH, from 2030.