CPI meaning

This Flowchart This Flowchart outlines the criteria that must be met for the court to determine that a transaction amounts to a preference and award relief...

Statutory minimum increase rates The summary below sets out the current statutory minimum uplift that occupational pension schemes must apply each year to each tranche of pension. Period of pensionable service to which the pension relates (or, for money purchase benefits, the period in which contributions were paid): Before 6 April 1997 — no statutory minimum increase. However, to refund surplus assets to a sponsoring employer under the Social Security Pensions Act 1975, s 58A, it was necessary (until 5 April 2006) to revalue all pensions in payment (excluding GMPs and money purchase benefits) annually in line with RPI, capped at 5%. Despite the absence of a statutory minimum, most defined benefit schemes provide some pre-1997 indexation under scheme rules or as a discretionary benefit. As at March 2023, research indicates that only 17% of members of private sector defined benefit schemes receive no pre-1997 indexation on benefits. There have been calls on the government to legislate to mandate inflation-linked increases to pensions...

In this issue: Key developments and materials Electricity and gas market regulation, licensing and taxation Networks and network connections Renewable energy Air emissions, efficiency, and climate change New and updated content Dates for your diary Trackers Energy resources on Lexis+® Daily and weekly news alerts Key developments and materials Ofgem consults on draft second preliminary Strategic Direction Statement for industry codes Ofgem has opened a consultation on SDS-2 for energy industry codes, outlining its strategic reading of government policy and sector shifts that could drive code changes over the next one to five years. It is seeking input on the proposed policy themes, how they are allocated across the ‘Act now’, ‘Think and plan’ and ‘Listen and wait’ horizons, and whether any significant topics are missing. Ofgem also asks for views on its plan to move SDS-2 from a preliminary document to a hybrid Strategic Direction Statement following the anticipated designation of the...

Transparency International's 2023 Corruption Perceptions Index Transparency International’s 2023 Corruption Perceptions Index largely echoes previous instalments from the Berlin-based anti-corruption organisation, once more concluding that the majority of the world’s jurisdictions are stuck in a corruption-fighting rut and not moving forward at the pace hoped for. Gary Kalman, executive director of Transparency International US, told Law360 the results highlight the need to keep pressing these issues, as progress remains below expectations. The study assesses perceived domestic corruption in 180 countries and sets each on a 100-point scale, where higher marks indicate lower levels of corruption. Scores draw on datasets from 13 institutions, among them the World Bank and the World Economic Forum. The index captures a range of abuses, including bribery, political corruption, diversion of public funds, effective criminal prosecution of corrupt officials, and legal protections for whistleblowers. Denmark led this year with 90 points, retaining its title as the world’s least corrupt country for the sixth consecutive year. Nordic nations again clustered near the top, alongside Singapore, New...

What is the background to the increases? In the government’s response to its consultation on ‘Implementing increases to selected court and tribunal fees’, it stated it had decided to proceed with a 10% fee rise, in line with the CPI, covering 172 of the 202 fees it initially proposed. This approach keeps the uplift aligned with CPI inflation. The divorce application fee will stay the same, and 29 other fees will likewise not change while further analysis is undertaken. The government has also pledged to refresh fees on a two‑year cycle to account for variations in costs and CPI. The next scheduled review is planned for 2025–2026. Which court fees are increasing? The family proceedings fees that will increase are set out in full in Schedule 5 to the Court and Tribunal Fees (Miscellaneous Amendments) Order 2024, SI 2024/476 (SI 2024/476). By way of example, among others, the items listed below show the amount payable from 1 May 2024, with the current fee shown in brackets for...

Current probate fees The following charges presently apply: Application for a grant of probate or letters of administration where the estate exceeds £5,000 net: £300 (note special exemptions below). Duplicate or second grant for the same deceased: £21. Entry or extension of a caveat: £3. Standing search application: £3. Deposit of Wills: £23. Inspection of a Will or other document held by the registry: £23. Copies: For a document relating to a named individual: £16 per copy, certified or not (the £1.50 fee applies before 17 November 2025). For documents of individuals not named in the request, supplied electronically: £1.50 per copy, certified or not. Settling documents: £5 per document. Postal forms PA1P and PA1A for practitioners fully replaced separate statements of truth from 18 May 2020. These had already supplanted oaths on 27 November 2018 under the Non-Contentious Probate (Amendment) Rules 2018, SI 2018/1137...

FORTHCOMING DEVELOPMENT : Section 10 of the Finance Act 2022 is set to lift the normal minimum pension age (NMPA) from age 55 to age 57, with effect from 6 April 2028, while members of the firefighters, police and armed forces public service pension schemes are excluded from the change. The Act further provides that members of registered pension schemes may draw benefits before 57 where, on or before 4 November 2021, they already held an ‘unqualified right’ to access benefits, or were already in the midst of a substantive transfer to a scheme that, on or before 4 November 2021, conferred an unqualified right to a protected pension age of under 57. To rely upon this protection in 2028, the scheme’s rules must, as at 11 February 2021, have expressly contained an unqualified right to take entitlement to scheme benefits before reaching age 57. For additional guidance, see Practice Note: Increasing the normal minimum pension age (NMPA) to 57—pensions impact...

FORTHCOMING CHANGE: The Home Office consulted on bringing the Police Pension Scheme 2015 revaluation date into line with the tax year—from 1 April to 6 April—to avoid CPI misalignment that can otherwise inflate annual allowance charges. Mirroring practice in other public sector schemes, the proposal seeks to improve fairness whilst leaving overall benefits unchanged. The consultation closed on 16 March 2026, with a response anticipated around June 2026. For more information, see LNB News 20/01/2026 39. Statutory framework There are currently three pension schemes in operation in England and Wales providing benefits for members of a police force. The three schemes are: the Police Pension Scheme 1987 (PPS 1987), which closed to new members from 6 April 2006 and to future accrual from 1 April 2022 the Police Pension Scheme 2006 (PPS 2006, or NPPS (the New Police Pension Scheme)), which also closed to future accrual with effect from 1 April 2022 the Police Pension Scheme 2015 (PPS 2015), which came into...