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However, inflation tended to bring more wage earners over the income tax threshold because allowances were not index-linked.
He concluded that equities play a very slight role, while gilts and index-linked gilts have a very important role.
Although there may be products that correlate strongly with the price level, such as index-linked bonds, this is definitely not the case for wage-linked payoffs.
The liability matching portfolio probably consists of index-linked gilts and bonds, together with modest amounts of equities and property.
Index-linked gilts were excluded from this analysis, as their inclusion would have led to the matching portfolios being almost entirely composed of index-linked gilts.
If the original figure of £2,000 had been index-linked by reference to the retail price index its current level would be in the region of £21,500.
Pay is not index-linked to inflation in any part of the public sector.
There are a range of factors affecting the market for annuities of all kinds, including index-linked annuities.
How does one sort out which half receives index-linked pensions and which half does not?
We have had the idea of local schemes, with a nationally determined licence fee, index-linked.
The full amount should be made available to eligible estates and the grant should be reviewed regularly—and preferably be index-linked—to ensure that it remains adequate.
Estimates of the total costs to public funds of index-linked pension schemes in the public sector could only be provided at disproportionate cost.
Unlike private sector pension schemes, the nationalised industries' schemes are index-linked, as are also all the local authority pension schemes.
I agree that child benefit is not yet at the level where it should be index-linked.
It shows that the real return available on index-linked gilts is less than half that available on equities.
