I’m drawing a pension from you - how does it increase in line with prices?
We adjust your pension each year in line with the Government's preferred measure of inflation, the consumer prices index (or CPI).
This is measured in the Autumn, then applies a few days into the following April.
We haven't had the official notification from the Treasury yet, but CPI was measured at 3% last Autumn so we expect that this will be the rate of increase in April.
What if inflation is zero or negative?
This has only happened a couple of times in decades. But if it does, your pension from us would just stay at the same level for that year.
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