So we are told that the pension scheme is in trouble and one of the three reasons given was that long term inflation is too high...
then we will be told that the company cannot afford to give a RPI matching pay rise as the current inflation is now too low...
does anyone else see the irony?????!?
P.S.
Long term inflation figure was calculated at a snapshot point in time (the last actuarial valuation) and should perhaps never have been used as a reason for needing a change to the pension scheme.