UK pension funds lose case to block RPI inflation change
A British court on Thursday rejected an application from major pension funds to overturn authorities' plans to reform the Retail Prices Index (RPI) measure of inflation. "The application for judicial review is dismissed," London's High Court of Justice said in its judgment. The pension funds, including those of BT (BT.L), Marks and Spencer (MKS.L) and Ford (F.N), had brought the case for judicial review against the UK Statistics Authority regulator and Britain's finance minister. RPI, which dates back to the 1940s and...
