- Supreme Court decision retaining RPI may suggest shift in construction principles (Barnardo's v Buckinghamshire and others)
- What are the practical implications of the judgment?
- What was the background?
- What did the Supreme Court decide?
Pensions analysis: The Supreme Court has decided that, in Barnardo’s v Buckinghamshire, the appellant’s staff pension scheme rules—which provided for pensions in the course of payment to be increased annually by 5% or, if lower, in line with the Retail Prices Index (RPI) ‘or any replacement adopted by the [respondent] trustees’—did not empower the respondents to adopt another index of price inflation (such as the Consumer Prices Index (CPI)), while the RPI was still being published. Emily Campbell, barrister, at Wilberforce Chambers, examines the court’s decision.
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