My own pension was caught up in this very nasty stealth tax. It is a private sector fully funded scheme (at the last actuarial valuation), however as the scheme indexing rules refer to increases as defined by government, I will in future get CPI. This has nothing at all to do with affordability, but just as nuages says monumental incompetence by Webb, so that circa 50% of private pensions get CPI and the rest RPI. This is undoubtedly the biggest stealth tax in pension history, it is also probably the most incompetent, as government are reducing the pension income of members of fully funded schemes.You really could not make it up!
