Belfast Telegraph

Companies set to cash in on pensions change

The UK's biggest companies are set to see £15bn wiped off their pension liabilities following a change to the measure of inflation schemes used.

The Government's decision that companies could use the Consumer Prices Index rather than the Retail Prices Index will reduce pension liabilities by the average FTSE 1 company with a defined benefit scheme by 2.5%, according to consultants Towers Watson.