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As across this whole website, some articles are only available to registered users, if you are member of the union register if not apply to join and then register - you know it makes sense.

*** News Flash ****

This site is being updated. However because of the immense amount of material on the site it is taking me some time. When the new site is populated this site will be closed and the updated site will be launched. In the meantime new information is only being added to the new site . You can see how the updated site is coming along here.

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Technical Issues

Pension Cut by one fifth

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Pension Insight reports:

 

Less than one in five aware that change in inflation link could cut pensions by a quarter

20 August 2012

 

 

Mail: Most pension savers are unaware that a Government change in the inflation link for pensions made two years ago could reduce their retirement fund by 25 per cent, according to a new survey by Aon Hewitt

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14 August 2012 Tony Cox on Today

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From Radio 4 at 8:50am on 14 August 2012 -- the remains of a 15 minute interview.

 

Tony Cox

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An example

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Martin produced this chart which may be of interest... clicking on the chart will give you a full size image.

 

2012-04-09-mc-pension loss calculator

Government Supported Use of RPI

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Government Supported Use of RPI

(updated 4 Jan 2012)

 

Although the government claims CPI is its, “preferred” measure of inflation, it continues to support the use of RPI by regulators determining price rises and for a number of other purposes.