During the course of payment your pension will increase each year, unless there is no increase in the Retail Prices Index (RPI) and the Founding Companies do not ask the Trustee to approve paying a pension increase.
How does my pension increase?
What happens if I have a Guaranteed Minimum Pension (GMP) element to my SCPF pension?
What increases have been awarded in the past?
What happens if the increase in the RPI is above 7% or 5%?