RPI Annuity Question

choi

What would happen to an annuity with RPI Escalation if the RPI was terminated
IE They ceased providing this index

xylophone

https://www.nortonrosefulbright.com/en-gb/knowledge/publications/a2253861/pensions-briefing---rpi-and-cpi---12-things-you-should-know

What exactly do the terms and conditions of the annuity say?

JoeCrystal

choi wrote: »

What would happen to an annuity with RPI Escalation if the RPI was terminated
IE They ceased providing this index

I did a quick googling on annuity terms, and conditions and here is one of the examples.

If:
a. the constituents of the Retail Prices Index are materially changed;
or
b. the Retail Prices Index is discontinued.
Legal & General may (to the extent permitted by law) increase
index-linked benefits by reference to:
(i) the index used to measure the increase in respect of issues
of UK government index-linked gilts; or
(ii) such other index as Legal & General considers appropriate

As xylophone rightly pointed out, it is depending on what the terms and conditions are saying? Besides, do you not have an IFA to ask about this? You are paying your adviser to answer your questions after all.