RE: UK inflation climbs to 7% in March13 Apr 2022 16:05
Aris
''You have the same cap as on mine, 5%.''
When I had a read up many years ago it said that payments above 5% are discretionary - I didn't get a 6 % pension increase this year and I doubt whether I will get a 7-10% ? (takes Oct figure) next year, so yes until I see the evidence I regard my scheme as having a 5% cap.
My mum after recently inheriting 50% of a company pension has recently been told that a cap on increases is being reduced to just 2.5%.