As you may be aware, the High Court recently released its judgment on the correct interpretation of the Scheme Rules regarding BT’s ability to change from RPI to another index for the purpose of calculating Section C pension increases paid in the future. The High Court has determined that it is currently not possible to change from RPI to another index.
BT has now been granted permission to appeal the High Court judgment and the case will be considered by the Court of Appeal. Timing of the hearing is not yet known but it is likely to be within the next year. The Scheme’s website will continue to be updated with the latest news on this matter.