Those with pre-1997 pension contributions do not get an automatic increase for inflation on those funds.
Hundreds of thousands of pensioners are fighting to get their pensions to rise in line with inflation
Some estimates place the number of people directly affected by the indexation — affecting employees at tens of companies — at between 500,000 and 800,000 pensioners, but Kennedy (of the HPPA) thinks the figure could be even higher.
We believe that there are between 750,000 and 1.8 million pensioners in the UK whose pension values have significantly eroded and face an increasingly bleak future of zero increases,