The pension scheme rules spell out that our pensions normally go up each year in line with prices. And that’s a great thing to have, as it means no matter how sharply prices go up, your pension is protected. But for the first time since the 1930s, the UK has seen negative inflation - so this means there will be no pensions increase in April 2010. You read more about the background to this in Issue 15 of Pensions Grapevine.
 Pensions Grapevine
Your pension and the cost of living
 Back
|
