Pensions trustees could be forgiven for taking a deep breath and thinking "here we go again" as the ONS consults on making changes to RPI.
Following Government announcements in the summer of 2010, CPI replaced RPI as the statutory minimum for increases and revaluation in both public and private sector DB pension schemes from 1 January 2011. The ONS has now published a consultation on changing the methodology for calculating RPI, putting forward four possible options. The consultation closes on 30 November 2012.