The latest release of data by the Office of National Statistics showed RPI inflation of 1.9% in the year to July 2016. We are coming up to the time of year when Heineken will make a decision on discretionary increases for pre 1997 S&N pensions. We have written to David Forde, managing director of Heineken UK, emphasising the importance of protecting pre 1997 pensioners against current inflation and our hope that Heineken will make good the historic loss of value resulting from Heineken not following S&N’s historic practice of protecting all pensioners against the effects of inflation (up to 5%) as they said they would do at the time of the takeover.
In past years we would have encouraged as many people as possible to write to Mr Forde in similar terms. However we believe that this year it would be worth not doing so and seeing whether an increase at least in line with inflation is given. If it is not given we would consider how best to respond next year.
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