Insights / News
Insights / News
What is the outlook for inflation as a result of the COVID-19 pandemic, lockdown and the various government support schemes for businesses?
Will there be renewed pressure on schemes to explore options to switch out of RPI-based escalation?
A run of cases in the High Court, Court of Appeal and Supreme Court since 2012 have confirmed that in principle scheme powers may be available to switch from RPI to CPI, following the lead taken by the State schemes (and the statutory minima for revaluation and LPI increases) in 2010. But these decisions have also suggested that there is a high degree of sensitivity to the exact drafting of scheme rules.
Outer Temple Chambers teamed up with Barnett Waddingham LLP to look at the current actuarial and legal landscape and to discuss how receptive the courts might now be to exercising scheme powers to change indexation provisions.
There have been four important High Court decisions on RPI/CPI in the first half of 2020 – Britvic, Atos, Arup and Thales (2) – and each of them featured one of our panel as junior counsel. They discussed:
The webinar is useful to all lawyers working with occupational pension schemes, whether their focus is contentious, advisory or transactional.
Chaired by Andrew Spink QC, the panel included:
You can find out more about Barnett Waddingham LLP here.
If you would like to discuss our legal expertise in the field of pensions or speak to any member of our Pensions Team, please contact Matt Sale on +44 (0)20 7427 4910 or Peter Foad on +44 (0)20 7353 6381.
Legal Blog & Publications, Pensions Webinars, Webinars & Vlogs, Pensions 28 Jul, 2020
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