•The Chancellor of the Exchequer, Sajid Javid, announced on 4 September 2019 that there will be consultation to align the retail price index (RPI) with CPIH (consumer price inflation including owner-occupied housing). The consultation will open on 11 March 2020.
•Replacing RPI with CPIH without compensation would cut pensioners’ future income and could cost holders of index-linked gilts and other RPI-linked assets in excess of £100bn.
•Jos Vermeulen, Head of Solution Design, will discuss the impact of such a move and highlight the action stakeholders can take ahead of the UK government’s consultation.