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Date: 30/08/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

employee rewards & benefits news

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It has been understood through research that the amount of pension scheme buy-outs by specialists is expected to double within the space of four months, it has been reported. Find out more>
Over 3.3 million workers in the UK are not confident that they will still be in their job in a year's time, a recent YouGov poll has discovered. Find out more>
Government changes to pension legislation will provide more help to divorcees, especially females, it has emerged. Find out more>
29-Aug-08 [Pay and Reward]
London buses halted by 24-hour strike

Around 2,500 members of the Unite union have gone on strike over pay in London, causing 80 of the city's bus routes to grind to a halt for the next 24 hours. Find out more>
The use of company pension schemes is "vital" if a person wants to enjoy a top standard of living upon retirement, it has been stated. Find out more>
A recently-published study has noted that employee happiness is more dependent on a person's wage in relation to contemporaries and workmates than absolute pay. Find out more>
Final salary benefit pension schemes are to see a greater fall soon, with a growth in scheme closures to existing members as large employers look to lose their remaining liability, it has been revealed. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
European pension timebomb 'is ticking'
By 2060, there will be only two people of working age for each person over 65, putting huge strains on the EU pension economy, it has emerged. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
Latvian pension reform fails to be passed
A referendum held by the Latvian government has failed in its attempt to raise the national old age pension rate, it was reported. Find out more>

The Scottish National Party (SNP) has rejected an offer by the government after Westminster proposed a reform of the police pension system in Scotland in return for extra funding. Find out more>

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