PRG is an informal group of members of the Reuters Pension Fund (RPF) and
the Supplementary Pension Scheme (SPS).
It was established in 2004, initially
to highlight specific concerns of pensioners at that time and represent their
views to the Trustees and the Company.
Over the last few years PRG has successfully campaigned for the restoration of
annual inflation-linked increases for pensions up to a limit of 2.5%, with the
Trustees negotiating a 10-year deal for such annual reviews.
The agreement continues until 2021.
The group continues to represent the interests of all types of
members - Pensioners, Deferred and Active - by raising concerns on pensions
administration and policy with Trustees.
It also acts as a point of contact for members who have not been able to
resolve issues through the normal channels.
Information on the PRG's aims, origins, membership and contact details are
described under the banner headings at the top of the page.
Detailed descriptions of our activities since the group's inception can be
found by clicking on the Archive section at the bottom of this page.
Brexit unlikely to bring major pension framework changes - RPF website
The RPF Trustees' website
has recently been updated with an item on the
impact of Brexit for UK pensions and RPF, as well as additional useful information
and links in the Members Information section.
Commenting on Britain's referendum vote to leave the EU, the RPF website said, "We are unlikely to
see major changes to the UK pension framework in the short or medium term
following the referendum."
RPF also assessed the immediate effect of the referendum. "Our initial assessment
suggests that the direct impact (of the EU referendum result and subsequent
market reaction on our investments) has been relatively limited," the website said.
The full report can be read here
This website is separate from the Members' Website run by Capita which provides
more confidential information on the RPF pension
scheme and therefore is password protected.
Members can subscribe to receive alerts when new items are posted on the RPF
website. Click here
to sign up.
8 November 2016
RPI rises 3.3% in September 2018
for September 2018 were published recently and showed the Retail
Prices Index (RPI) rose 3.3%. The Consumer Prices Index (CPI) rose 2.4%.
These figures will be used for RPF and SPS pension increases from 1 January 2019 for those
who retired before 1 January 2018.
In practice, this means that pensions earned before April 1997 in excess of "Guaranteed
Minimum Pension" (GMP) will increase by 2.5%. This is the cap set by the agreement between
the company and trustees, which has been extended to January 2024.
Pensions earned between April 1997 and April 2005 will rise 3.3%. Pensions
earned after April 2005 will increase by 2.5%.
GMP earned from April 1988 to April 1997 will increase by 2.4%, in line with
When GMP is increased, GMP earned pre-1988 is increased by the State through the State Pension.
6 November 2018