Article preview: Savers who renew their Index-linked Savings Certificates from National Savings & Investments (NS&I) are set to see changes to how the index-linking is calculated. From 1st May 2019, existing holders of the Certificates will receive index-linking based on the Consumer Prices Index (CPI) measure of price inflation, rather than the Retail Prices Index (RPI). For savers with these Certificates, it’s likely to result in lower inflationary increases in the future. This is because CPI is typically lower than RPI as a measure of inflation. This change is being introduced to reflect the reduced use of RPI by successive governments.
Changes to NS&I Index-linked Savings Certificates
This 420 word blog post explains the change to index-linking from RPI to CPI to renewing Index-linked Savings Certificates from National Savings & Investments. Includes comments from Ian Ackerley, NS&I Chief Executive and John Glen, Economic Secretary to the Treasury. Written on 29th October 2018.
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