Annual Revaluation

Your deferred pension is revalued each year:

  • Deferred, so not yet in payment: Your deferred benefits are reviewed each year in line with the cost of living until they’re paid 
  • Once your pension starts being paid: increases continue each year under HM Treasury’s Pensions Increase (Review) Orders (and related Guaranteed Minimum Pension rules where relevant).

LPF publishes the confirmed rate each spring and we provide an update in your annual benefit statement. 

Example:

If your deferred annual pension is £2,000 and the CPI-based revaluation for the year is 5%, it would go to £2,100. When it later goes into payment, future annual increases would follow the Pensions Increase rules published each year. 

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