Just what is RPI??
With regards to the proposed changes to the pension and the possible capping of pensionable pay to RPI+0.5%, what do you understand by the term RPI?
You might believe that RPI is the figure issued by the Government/Banks to indicate the rate of inflation. However, according to a colleague who very recently attended a pension briefing and asked the question, the RPI that will be used for the purposes of pension capping will be an arbitrary figure, set by the Actuaries.
Do you trust the company and its accountants enough to believe that the RPI will be a fair one, indicative of the financial climate?
This is a question that is worth exploring further at any briefings you might attend.