 |
|
 |  |  |  |
Pensioners hold their breath as COVID-19 continues to make inflation-linked pension increases hard to predict. The inflation figures from the ONS show prices have risen by 1% year on year to July, up from 0.6% in June. The next months are critical for pensioners as public sector pension increases as well as the state pension ‘triple lock’ use figures to September published in October |
Steven Cameron, Pensions Director at Aegon comments: “While today’s figures showed that consumer price inflation rose to 1 per cent for the year to July from 0.6 per cent the previous month*, the impact of COVID-19 and lockdown measures restricting what we can spend money on is making it hard to predict inflation figures month on month. “The coming months’ figures are critical for pensioners though as public sector pension increases are based on CPI figures to September published in October and there’s an expectation inflation will nose dive, with the Bank of England’s Monetary Policy Report outlining it may drop to minus 0.3 per cent** for the year to August. “State pensions increase by the triple lock (the highest of price inflation, earnings growth or 2.5%) and again, it’s the September inflation figure published in October which is used here. If both inflation and earnings growth are particularly low or even negative, the underlying 2.5% guaranteed increase will come at a significant cost to the Government on top of their other COVID-19 bailout measures and put significant pressure on the future of the triple lock. While a bigger inflation increase compared to last month may raise hopes, pensioners will need to hold their breath to find out what future months hold in store.”
|
|
|
|
| Commercial lines casualty pricing | ||
| London / hybrid 1-2 dpw office-based - Negotiable | ||
| Life Insurance Senior Consultant | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Scheme Actuary | ||
| Nationwide with hybrid working options - Negotiable | ||
| Liability Portfolio Manager | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Investment DB Actuarial Analyst | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Actuarial Reserving Manager | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Associate - Trustee Pensions | ||
| Nationwide / hybrid 1-2dpw office-based - Negotiable | ||
| Head of MA and Investment Business Pa... | ||
| London/Hybrid - Negotiable | ||
| Actuarial Pricing Analyst – Specialis... | ||
| London / hybrid 1 dpw office-based - Negotiable | ||
| Pricing Pioneer | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Investment Manager | ||
| London/Hybrid - Negotiable | ||
| Senior Actuarial Analyst | ||
| London/Hybrid - Negotiable | ||
| Pension Consultant - de-risking projects | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Island Pricing | ||
| Bermuda - Negotiable | ||
| Choose Life! | ||
| Various locations - Negotiable | ||
| Capital leadership in the Capital - L... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Capital Actuary - London Market | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| DC Pensions Advisory Consultant | ||
| London or Manchester / Hybrid working - Negotiable | ||
| Senior Pensions Data Technician - Ful... | ||
| Fully remote - Negotiable | ||
| Chief Actuary | ||
| London - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
