UK Pensions - Supreme Court decision thwarts switch from RPI to CPI

The Supreme Court has handed down its judgment in a case (Barnardo’s v Buckinghamshire and others) which looks at whether the wording of the relevant scheme rules allows a switch from RPI to CPI as the index by reference to which pension increases are calculated. The effect of the decision is that the employer will not be able to switch from RPI to CPI, but the case is likely to be of interest to other schemes and employers considering this change.