Pension Inflation Explained
Published / Last Updated on 28/10/2010
by Ashley Clark, Director
A survey by YouGov has found that most people have no idea that pension increases in payment and how pension inflation has changed.
Many pensions and benefits have now changed to increase by Consumer Priced Index (CPI) rather than the old style Retail Prices Index (RPI).
The survey found that:
- 65% of the 2,117 adults polled had heard of both RPI and CPI of which 59% know the difference between the two
- Overall, this means that 38.35% of those understand the difference between CPI and RPI, even less understand that impact that changed pension inflation figures will mean.
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